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NY A07678
Bill
Status
4/20/2009
Primary Sponsor
James Bacalles
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AI Summary
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Establishes a $200 tax credit for active volunteer firefighters and ambulance workers, with an additional $400 credit for those serving four or more consecutive years, effective for taxable years beginning January 1, 2011.
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Allows married couples filing jointly to claim combined credits of $400 (base year) or $800 (four+ years of service), provided both spouses individually qualify.
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Exempts motor vehicles owned and used by volunteer firefighters and ambulance workers from all registration fees, vehicle use taxes, and special service charges for distinctive license plates.
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Permits volunteer fire companies and ambulance services to use certain insurance policy proceeds for recruitment and retention purposes, including partial or full contributions toward health insurance coverage for volunteers.
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Expands the volunteer recruitment service scholarship program to allow volunteer organizations to submit up to three applications annually and establishes a new loan forgiveness program for volunteer members with repayment benefits up to $5,000 annually for a maximum of five years.
Legislative Description
Enacts the "omnibus emergency services volunteer incentive act" to provide benefits to volunteer firefighters and ambulance workers including: A $2,000 personal income tax deduction; authorizes local assessing units to grant a real property tax exemption for up to 5% of the assessed value of property owned by such volunteers; exempts motor vehicles used in the performance of such volunteers' duties from registration fees, use taxes and special fees for volunteer license plates; and authorizes the provision of municipal health insurance coverage to such volunteers.
Last Action
held for consideration in ways and means
7/1/2010