Bill > A01490

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 will be 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 liability. If the $750 credit exceeds the taxpayer's total tax owed in a given year, the excess amount will be treated as an overpayment and can be credited or refunded to the taxpayer, though no interest will be paid on this excess amount. The legislation aims to provide financial support to police officers who have been retired due to disability sustained during their service, recognizing their contributions and sacrifices in law enforcement.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1490