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NY A01912
Bill
Status
Introduced
1/13/2015
Primary Sponsor
Clifford Crouch
Click for details
AI Summary
- Adds a new tax credit for members of volunteer fire departments and volunteer ambulance corps who have been in good standing for a minimum of five years
- Credit amount equals $2,500 or the total income tax owed by the taxpayer, whichever is lower
- Requires members to maintain continuous eligibility in the state to receive the credit
- Takes effect January 1, 2016 and applies to taxable years beginning on or after that date
- 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
6/14/2016
Committee Referrals
Ways and Means1/13/2015
Full Bill Text
No bill text available