NY A07377

Increases the tax credit for resident taxpayers who serve as active volunteer firefighters or volunteer ambulance workers from $200 to $800 for taxable years beginning on or after January 1, 2023.

Requires volunteer firefighters and ambulance workers to have been active for the entire taxable year in which the credit is claimed.

Doubles the joint return credit for married couples who both qualify from $400 to $1,600.

Removes restrictions that previously prohibited taxpayers receiving real property tax exemptions for volunteer service from claiming this income tax credit.

Provides that excess credits exceeding a taxpayer's tax liability shall be treated as overpayment and refunded without interest.