S2090-2013 Actions

• Jan 10, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S2090-2013 Meetings

S2090-2013 Memo

BILL NUMBER:S2090

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:  2011-12 - S. 1505a/A. 4358a - Passed Senate/Ways
and Means Committee -Assembly. (Veto Memo 120 - 2008)

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE:  Immediately and applies to taxable years beginning on
or after January 1, 2015.

S2090-2013 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         2090
 2013-2014 Regular Sessions
 I N  SENATE
 January 10, 2013
 
 Introduced  by  Sens. GRIFFO, MAZIARZ, RANZENHOFER, SEWARD -- read twice
 and ordered printed, and when printed to be committed to the Committee
 on Investigations and Government Operations
 

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, 2015.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06446-01-3

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