Bill Text: NY S00640 | 2019-2020 | General Assembly | Amended

New York Senate Bill 640 (Prior Session Legislation)

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) 2020-01-15 - PRINT NUMBER 640A [S00640 Detail]

Download: New_York-2019-S00640-Amended.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                         640--A

                               2019-2020 Regular Sessions

                    IN SENATE

                                       (Prefiled)

                                     January 9, 2019
                                       ___________

        Introduced  by  Sens.  KENNEDY, BOYLE -- read twice and ordered printed,
          and when printed to be committed to the  Committee  on  Investigations
          and  Government Operations -- recommitted to the Committee on Investi-
          gations and Government Operations in accordance with  Senate  Rule  6,
          sec.  8  --  committee  discharged, bill amended, ordered reprinted as
          amended and recommitted to said committee

        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, 2022.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02139-02-0