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NY A06655

Bill

Official Source

Status

Introduced

3/24/2011

Primary Sponsor

Brian Curran

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends New York Tax Law Section 612(c) to exclude service awards paid to volunteer firefighters under General Municipal Law Article 11-A from federal adjusted gross income calculations
  • Excludes service awards paid to volunteer ambulance workers under General Municipal Law Article 11-AA from federal adjusted gross income calculations
  • Creates tax exemption for these service award payments, treating them similarly to pension income
  • Takes effect immediately and applies retroactively to January 1, 2012

Legislative Description

Excludes from federal adjusted gross income the amount of any service award paid to a volunteer firefighter or volunteer ambulance worker, thereby exempting such payments from state income tax in like manner as a pension.

Last Action

held for consideration in ways and means

6/19/2012

Committee Referrals

Ways and Means3/24/2011

Full Bill Text

No bill text available