Bill Text: NY A04473 | 2019-2020 | General Assembly | Introduced


Bill Title: Exempts the amount of any service award paid to any volunteer firefighter or ambulance worker from personal income tax.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A04473 Detail]

Download: New_York-2019-A04473-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          4473
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 4, 2019
                                       ___________
        Introduced  by  M.  of  A.  DenDEKKER  --  read once and referred to the
          Committee on Ways and Means
        AN ACT to amend the tax law, in relation to exempting the proceeds  from
          service  award programs for volunteer firefighters and ambulance work-
          ers from personal income taxes
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Subsection (c) of section 612 of the tax law is amended by
     2  adding a new paragraph 3-d to read as follows:
     3    (3-d) The amount of any service award paid to any volunteer firefight-
     4  er and the amount of any service award paid to any  volunteer  ambulance
     5  worker from the length of service defined contribution plans and defined
     6  benefit  plans  applicable  to such workers, as provided for in articles
     7  eleven-A, eleven-AA, eleven-AAA, and eleven-AAAA of the general  munici-
     8  pal law; provided, however that the exclusion provided in this paragraph
     9  shall  not apply to a service award that is distributed in the form of a
    10  lump sum or that is distributed to a taxpayer that has not attained  the
    11  age of fifty-nine and one-half.
    12    § 2. This act shall take effect immediately and shall apply to taxable
    13  years beginning on and after January 1, 2021.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02139-01-9
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