What's happening
This bill repeals a provision of the tax law related to the volunteer firefighters' and ambulance workers' credit and renumbers others.
Why it matters
Eliminates a specific provision. within the tax credit for volunteer firefighters and ambulance workers, which could change eligibility or the way the credit is calculated, potentially affecting the financial benefit these volunteers receive.
Renumbers remaining provisions. , which may have administrative implications for taxpayers and tax preparers who reference these sections, highlighting the importance of staying updated on tax code changes.
Applies changes starting with the 2020 tax year. , meaning volunteers and their families may see immediate effects on their tax filings and financial planning for that year and beyond.
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Change Firefighter Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Print number 5045a
- Amend and recommit to ways and means
- Referred to ways and means
- Referred to ways and means
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.
Update Firefighter Tax Credit
In Assembly Committee · Ways And Means · Sponsor Joseph A. Griffo
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5045--A
2017-2018 Regular Sessions
IN ASSEMBLY
February 6, 2017
Introduced by M. of A. MAGEE -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
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-2) of section 606 of such law relating thereto
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph 2 of subsection (e-2) of section 606 of the tax law is REPEALED.
§ 2. Paragraphs 3 and 4 of subsection (e-2) of section 606 of the tax law, paragraph 4 as renumbered by section 4 of part N of chapter 61 of the laws of 2006 and such subsection as relettered by section 1 of part K of chapter 59 of the laws of 2014, are renumbered paragraphs 2 and 3.
§ 3. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2020; provided that the amendments to subsection (e-2) of section 606 of the tax law made by section two of this act shall not affect the repeal of such subsection and shall be deemed repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05239-03-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.