Bill > A07377

This bill amends the tax law to provide a tax credit of $800 to resident taxpayers who serve as active volunteer firefighters or volunteer ambulance workers for the entire taxable year. For married couples filing jointly where both spouses qualify, the credit is increased to $1,600. If the credit exceeds the taxpayer's tax liability, the excess will be treated as an overpayment to be credited or refunded, though no interest will be paid on the overpayment. The bill removes the previous provision that disqualified taxpayers who received a real property tax exemption related to their volunteer service.