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NY A04705

Bill

Official Source

Status

Introduced

2/8/2013

Primary Sponsor

Clifford Crouch

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Allows volunteer firefighters and members of volunteer ambulance corps to claim a credit against New York state personal income tax
  • Requires membership in good standing for a minimum of five years with continuous eligibility maintained in the state
  • Credit amount equals $2,500 or the total income tax owed by the taxpayer, whichever is lower
  • Effective for taxable years beginning January 1, 2014
  • Authorizes the Commissioner of Taxation and Finance to promulgate rules and regulations necessary for implementation

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

6/17/2014

Committee Referrals

Ways and Means2/8/2013

Full Bill Text

No bill text available