Bill > A02029

This bill repeals a specific provision in New York State tax law that previously prevented volunteer firefighters and ambulance workers from receiving both a real property tax exemption and an income tax credit for their volunteer service. The repeal means that these emergency service volunteers can now potentially benefit from both tax advantages simultaneously. Currently, volunteers who receive a property tax exemption for their service were not eligible for an additional income tax credit, but this bill removes that restriction. The change will take effect for taxable years beginning on or after January 1, 2027, which gives state tax authorities and affected volunteers time to prepare for the new policy. By eliminating this limitation, the bill aims to provide additional financial recognition and support for volunteer emergency workers who contribute significant time and effort to their communities without monetary compensation.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2029