Bill > S06058

This bill amends the New York state tax law to provide a tax credit of up to $2,500 for volunteer firefighters and members of volunteer ambulance corps who have been in good standing for a minimum of five years and maintain continuous eligibility. The credit is available against the member's personal income tax owed in the state. The bill takes effect on January 1, 2024 and applies to taxable years beginning on or after that date, with the commissioner of taxation and finance authorized to promulgate any necessary rules and regulations to implement the act.