Bill > S00300

This bill amends the New York state tax law to provide a $750 income tax credit specifically for retired disabled police officers who were disabled while serving in the state. The credit becomes available for taxable years beginning on or after January 1, 2026, and is designed to be applied directly against the taxpayer's state income tax. If the $750 credit amount exceeds the taxpayer's total tax liability for that year, the excess will be treated as an overpayment and credited or refunded to the officer, though no additional interest will be paid on the refunded amount. This legislation aims to provide financial support for police officers who have been retired due to a disability sustained during their service, offering them a modest tax benefit in recognition of their sacrifices and service to the community.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S300