Bill
Bill > S04218
NY S04218
NY S04218Repeals the provision of law that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit for such service.
summary
Introduced
02/06/2023
02/06/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to repeal paragraph 2 of subsection (e-1) of section 606 of the tax law relating to the volunteer firefighters' and ambulance workers' credit
AI Summary
This bill repeals the provision of law that prohibits volunteer firefighters and ambulance workers who receive a real property tax exemption for their service from also receiving an income tax credit for such service. In other words, this bill allows these volunteers to receive both the real property tax exemption and the income tax credit if they qualify for both. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S4218 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04218&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04218 |
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