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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Repeals provision that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit; repealer
In Assembly Committee · Ways And Means · Sponsor William Magee
Full text
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Sponsor's memo
Title of bill
An act to amend the tax law, in relation to the volunteer firefighters' and ambulance workers' credit, and to repeal paragraph 2 of subsection (e-1) of section 606 of the tax law relating thereto
Purpose
This bill would allow volunteer firefighters and ambulance workers to receive both the volunteer firefighters and ambulance workers tax credit and a locally enacted real property tax exemption.
Justification
Our volunteer firefighters and ambulance workers answer the emergency call no matter the weather, the conditions or the circumstances - each and every day, putting their lives on the line for all of us. Over the past few years, the state and its municipalities have sought to encourage more emergency volunteers through a state tax credit and locally enacted real property tax exemptions. Unfortunately, a quirk in the law does not allow a volunteer to receive both a property tax exemption and the state tax credit. In an effort to correct this, this bill would allow a volunteer firefighters and ambulance workers to receive both the tax credit - which amounts to $200 off their income taxes - and a tax exemption which is generally limited to, at most, a $3,000 reduction in the assessed value of their home. Given the enormous amount of time that these volunteers put in and the savings that local governments realize - estimated at $2.9 billion annually - from having volunteer fire and ambulance companies, it would seem only fair to allow them to receive both the tax credit and a tax exemption.
Prior legislative history
S.6869/A.9864 Passed both houses; vetoed by the Governor
Fiscal implications
None.
Effective date
Immediately and shall apply to taxable years beginning on or after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.