state_legiscan_drain · NY
Provides that for taxable years beginning on and after January first, two thousand twenty-six, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to eight hundred dollars; provides for a real property tax exemption under certain circumstances to an enrolled member of an incorporated volunteer fire company, fire department or incorporated voluntary ambulance service residing in such city, village, town, school district, special district, fire district or county.
March 7, 2025
Summary
If enacted, this bill would provide an $800 tax credit against state income tax for active volunteer firefighters and ambulance workers, beginning in tax year 2026. It also authorizes real property tax exemptions for enrolled members of volunteer fire departments or ambulance services, subject to local adoption. This legislation primarily affects volunteer first responders and local taxing jurisdictions, not regulated lending entities.
Source: https://www.nysenate.gov/legislation/bills/2025/S6233
Common questions
- What does "Provides that for taxable years beginning on and after January first, two thousand twenty-six, a resident taxpayer who serves as an active volunteer firefighter or as a volunteer ambulance worker shall be allowed a credit against the tax imposed equal to eight hundred dollars; provides for a real property tax exemption under certain circumstances to an enrolled member of an incorporated volunteer fire company, fire department or incorporated voluntary ambulance service residing in such city, village, town, school district, special district, fire district or county." cover?
- If enacted, this bill would provide an $800 tax credit against state income tax for active volunteer firefighters and ambulance workers, beginning in tax…
- When was it published?
- It was published on March 7, 2025.