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NY A07483
Bill
Status
Introduced
4/13/2009
Primary Sponsor
Greg Ball
Click for details
AI Summary
- Amends New York Tax Law Section 606 to add a new volunteer firefighter and ambulance corps member tax credit
- Eligible members must have been in good standing with a volunteer department for a minimum of five years and maintain continuous eligibility
- Credit amount equals $2,500 or the total income tax owed by the taxpayer, whichever is lower
- Effective January 1, 2010 for taxable years beginning on or after that date
- Authorizes the Commissioner of Taxation and Finance to promulgate rules and regulations to implement the act
Legislative Description
Gives state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing up to $2500; must be in good standing for a minimum of five years and maintain continued eligibility.
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means4/13/2009
Full Bill Text
No bill text available