Bill Text: NY S00338 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to increasing the volunteer firefighters' and ambulance workers' credit; increases the amount of the credit from $200 to $500 for single filers who have served for less than five years and from $200 to $1,000 for single filers who serve at least five years and from $400 to $1,000 for spouses filing jointly where one spouse has served less than five years and from $400 to $2,000 for spouses filing jointly who have each served at least five years.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S00338 Detail]
Download: New_York-2019-S00338-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 338 2019-2020 Regular Sessions IN SENATE (Prefiled) January 9, 2019 ___________ Introduced by Sen. AKSHAR -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to increasing the volunteer firefighters' and ambulance workers' credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (e-2) of section 606 of the tax law, as added by 2 section 1 of part U of chapter 62 of the laws of 2006, paragraph 2 as 3 amended by chapter 532 of the laws of 2007, paragraph 3 as added and 4 paragraph 4 as renumbered by section 4 of part N of chapter 61 of the 5 laws of 2006, and as relettered by section 1 of part K of chapter 59 of 6 the laws of 2014, is amended to read as follows: 7 (e-2) Volunteer firefighters' and ambulance workers' credit. (1) For 8 taxable years beginning on and after January first, two thousand seven 9 and before January first, two thousand nineteen, a resident taxpayer who 10 serves as an active volunteer firefighter as defined in subdivision one 11 of section two hundred fifteen of the general municipal law or as a 12 volunteer ambulance worker as defined in subdivision fourteen of section 13 two hundred nineteen-k of the general municipal law shall be allowed a 14 credit against the tax imposed by this article equal to two hundred 15 dollars. For taxable years beginning on and after January first, two 16 thousand nineteen, a resident taxpayer who serves as an active volunteer 17 firefighter as defined in subdivision one of section two hundred fifteen 18 of the general municipal law or as a volunteer ambulance worker as 19 defined in subdivision fourteen of section two hundred nineteen-k of the 20 general municipal law and has been in good standing for a period of four 21 years or less shall be allowed a credit against the tax imposed by this 22 article equal to five hundred dollars and a resident taxpayer who serves 23 as an active volunteer firefighter or volunteer ambulance worker and has EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05374-01-9S. 338 2 1 been in good standing for a minimum of five years shall be allowed a 2 credit against the tax imposed by this article equal to one thousand 3 dollars. In order to receive this credit a volunteer firefighter or 4 volunteer ambulance worker must have been active for the entire taxable 5 year for which the credit is sought. 6 (2) If a taxpayer receives a real property tax exemption relating to 7 such service under title two of article four of the real property tax 8 law, such taxpayer shall not be eligible for this credit; provided, 9 however (A) if the taxpayer receives such real property tax exemption in 10 the two thousand seven taxable year as a result of making application 11 therefor in a prior year or (B) if the taxpayer notifies his or her 12 assessor in writing by December thirty-first, two thousand seven of the 13 taxpayer's intent to discontinue such real property tax exemption by not 14 re-applying for such real property tax exemption by the next taxable 15 status date, such taxpayer shall be eligible for this credit for the two 16 thousand seven taxable year. 17 (3) In the case of a husband and wife who file a joint return and who 18 both individually qualify for the credit under this subsection, for 19 taxable years beginning on and after January first, two thousand seven 20 and before January first, two thousand nineteen, the amount of the cred- 21 it allowed shall be four hundred dollars. For taxable years beginning on 22 and after January first, two thousand nineteen, the amount of the credit 23 shall be one thousand dollars where at least one of the qualifying 24 spouses has served as an active volunteer firefighter or volunteer ambu- 25 lance worker for less than five years. In the case of a husband and wife 26 who file a joint return, who both individually qualify for the credit 27 under this subsection and who have each served a minimum of five years, 28 the amount of the credit allowed shall be two thousand dollars. 29 (4) If the amount of the credit allowed under this subsection for any 30 taxable year shall exceed the taxpayer's tax for such year, the excess 31 shall be treated as an overpayment of tax to be credited or refunded in 32 accordance with the provisions of section six hundred eighty-six of this 33 article, provided, however, that no interest shall be paid thereon. 34 § 2. Subsection (e-1) of section 606 of the tax law, as added by 35 section 1 of part U of chapter 62 of the laws of 2006, paragraph 2 as 36 amended by chapter 532 of the laws of 2007, paragraph 3 as added and 37 paragraph 4 as renumbered by section 4 of part N of chapter 61 of the 38 laws of 2006, is amended to read as follows: 39 (e-1) Volunteer firefighters' and ambulance workers' credit. (1) For 40 taxable years beginning on and after January first, two thousand seven 41 and before January first, two thousand nineteen, a resident taxpayer who 42 serves as an active volunteer firefighter as defined in subdivision one 43 of section two hundred fifteen of the general municipal law or as a 44 volunteer ambulance worker as defined in subdivision fourteen of section 45 two hundred nineteen-k of the general municipal law shall be allowed a 46 credit against the tax imposed by this article equal to two hundred 47 dollars. For taxable years beginning on and after January first, two 48 thousand nineteen, a resident taxpayer who serves as an active volunteer 49 firefighter as defined in subdivision one of section two hundred fifteen 50 of the general municipal law or as a volunteer ambulance worker as 51 defined in subdivision fourteen of section two hundred nineteen-k of the 52 general municipal law and has been in good standing for a period of four 53 years or less shall be allowed a credit against the tax imposed by this 54 article equal to five hundred dollars and a resident taxpayer who serves 55 as an active volunteer firefighter or volunteer ambulance worker and has 56 been in good standing for a minimum of five years shall be allowed aS. 338 3 1 credit against the tax imposed by this article equal to one thousand 2 dollars. In order to receive this credit a volunteer firefighter or 3 volunteer ambulance worker must have been active for the entire taxable 4 year for which the credit is sought. 5 (2) If a taxpayer receives a real property tax exemption relating to 6 such service under title two of article four of the real property tax 7 law, such taxpayer shall not be eligible for this credit; provided, 8 however (A) if the taxpayer receives such real property tax exemption in 9 the two thousand seven taxable year as a result of making application 10 therefor in a prior year or (B) if the taxpayer notifies his or her 11 assessor in writing by December thirty-first, two thousand seven of the 12 taxpayer's intent to discontinue such real property tax exemption by not 13 re-applying for such real property tax exemption by the next taxable 14 status date, such taxpayer shall be eligible for this credit for the two 15 thousand seven taxable year. 16 (3) In the case of a husband and wife who file a joint return and who 17 both individually qualify for the credit under this subsection for taxa- 18 ble years beginning on and after January first, two thousand seven and 19 before January first, two thousand nineteen, the amount of the credit 20 allowed shall be four hundred dollars. For taxable years beginning on 21 and after January first, two thousand nineteen, the amount of the credit 22 shall be one thousand dollars where at least one of the qualifying 23 spouses has served as an active volunteer firefighter or volunteer ambu- 24 lance worker for less than five years. In the case of a husband and wife 25 who file a joint return, who both individually qualify for the credit 26 under this subsection and who have each served a minimum of five years, 27 the amount of the credit allowed shall be two thousand dollars. 28 (4) If the amount of the credit allowed under this subsection for any 29 taxable year shall exceed the taxpayer's tax for such year, the excess 30 shall be treated as an overpayment of tax to be credited or refunded in 31 accordance with the provisions of section six hundred eighty-six of this 32 article, provided, however, that no interest shall be paid thereon. 33 § 3. This act shall take effect immediately; provided, however, the 34 amendments to subsection (e-2) of section 606 of the tax law made by 35 section one of this act shall be subject to the expiration and reversion 36 of such subsection pursuant to section 3 of part K of chapter 59 of the 37 laws of 2014, as amended, when upon such date the provisions of section 38 two of this act shall take effect.
