Bill
Bill > A07524
NY A07524
NY A07524Provides that for taxable years beginning on and after January first, two thousand twenty-four, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to eight hundred dollars; provides for a real property tax exemption under certain circumstances to an enrolled member of an incorporated volunteer fire company, fire department or incorporated voluntary ambulance service residing in such city, vi
summary
Introduced
05/25/2023
05/25/2023
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 amend the tax law and the real property tax law, in relation to tax credits for volunteer firefighters and volunteer ambulance workers
AI Summary
This bill makes the following key provisions:
1. For taxable years beginning on and after January 1, 2024, it increases the tax credit for resident taxpayers who serve as active volunteer firefighters or volunteer ambulance workers from $200 to $800. Prior to 2024, the credit remains at $200.
2. It allows taxpayers who receive a real property tax exemption for their volunteer service to also claim the $800 tax credit, starting in 2024. Previously, taxpayers receiving the real property tax exemption were ineligible for the tax credit.
3. For married couples filing jointly where both spouses qualify for the credit, the credit amount is doubled - $400 prior to 2024, and $1,600 starting in 2024.
4. The bill also expands the real property tax exemption for enrolled members of volunteer fire companies, fire departments, or ambulance services to include those residing in school districts, special districts, and fire districts, in addition to cities, towns, and villages.
Committee Categories
Budget and Finance
Sponsors (36)
Fred Thiele (D)*,
Joe Angelino (R),
Anil Beephan Jr. (R),
Scott Bendett (R),
Ken Blankenbush (R),
Jake Blumencranz (R),
Karl Brabenec (R),
Chris Burdick (D),
Marianne Buttenschon (D),
Joe DeStefano (R),
Dave DiPietro (R),
Chris Eachus (D),
Patricia Fahy (D),
Ed Flood (R),
Jeff Gallahan (R),
Jodi Giglio (R),
Aileen Gunther (D),
Jonathan Jacobson (D),
Anna Kelles (D),
Dana Levenberg (D),
Jen Lunsford (D),
Donna Lupardo (D),
John McDonald (D),
John McGowan (R),
Karen McMahon (D),
Mike Norris (R),
Steve Otis (D),
Angelo Santabarbara (D),
Rebecca Seawright (D),
Maryjane Shimsky (D),
Gina Sillitti (D),
Matt Simpson (R),
Doug Smith (R),
Phil Steck (D),
Steve Stern (D),
Carrie Woerner (D),
Last Action
print number 7524a (on 02/09/2024)
Official Document
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