S1505A-2011 Actions

• May 7, 2012: ADVANCED TO THIRD READING
• May 2, 2012: 2ND REPORT CAL.
• May 1, 2012: 1ST REPORT CAL.657
• Mar 5, 2012: REPORTED AND COMMITTED TO FINANCE
• Jan 13, 2012: PRINT NUMBER 1505A
• Jan 13, 2012: AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
• Jan 4, 2012: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
• Jun 13, 2011: REPORTED AND COMMITTED TO RULES
• Jun 13, 2011: REPORTED AND COMMITTED TO RULES
• May 24, 2011: REPORTED AND COMMITTED TO FINANCE
• Jan 7, 2011: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S1505A-2011 Meetings

S1505A-2011 Calendars

S1505A-2011 Votes

S1505A-2011 Memo

BILL NUMBER:S1505A

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.

SUMMARY OF PROVISIONS:
Section one repeals paragraph 2 of subsection (e-1) of section 606 of
the tax law.
Section two renumbers the paragraphs 3 and 4 of subsection (e-1) of
section 606 of the tax law.
Section three provides for the effective date.

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 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.

LEGISLATIVE HISTORY:
2011 - S.1505/A.4358 - Finance Committee and Ways and Means.
S.3264/A.7816 Investigations/Gov. Ops./Ways and Means S.6869/A.9864
Passed Both Houses; Vetoed by the Governor. (Veto Memo 120 of 2008)

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
Immediately and applies to taxable years beginning on or after January
1, 2013.

S1505A-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 1505--A
 2011-2012 Regular Sessions
 I N  SENATE
 January 7, 2011
 
 Introduced  by  Sens. GRIFFO, RITCHIE -- read twice and ordered printed,
 and when printed to be committed to the  Committee  on  Investigations
 and  Government Operations -- recommitted to the Committee on Investi
 gations and Government Operations in accordance with  Senate  Rule  6,
 sec.  8  --  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-1) of section 606 of the tax law relating thereto
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1. Paragraph 2 of subsection (e-1) of section 606 of  the  tax
 law is REPEALED.
 

S  2. Paragraphs 3 and 4 of subsection (e-1) 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, are renumbered paragraphs 2 and 3.
 

S 3. This act shall take effect immediately and shall apply to taxable
 years beginning on or after January 1, 2013.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03565-03-1

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