Bill > S01123

This bill amends the New York State tax law to provide a state income tax credit of up to $2,500 for volunteer firefighters and members of volunteer ambulance corps who meet specific criteria. To be eligible, individuals must have been in good standing with their volunteer department or corps for a minimum of five years and maintain continuous eligibility. The tax credit will be equal to either $2,500 or the total amount of tax owed by the taxpayer, whichever is lower. The bill will take effect on the first day of January following its enactment and will apply to taxable years beginning on or after that date. The legislation aims to recognize and support the critical volunteer emergency services provided by these community members by offering a financial incentive through a state income tax credit. The bill also authorizes the commissioner of taxation and finance to develop and implement the necessary rules and regulations to execute this tax credit program.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1123