New York A02298 provides a personal income tax credit for members of the U.S. armed forces in active service for any fishing and/or hunting fees they.
New York A02298 amends the state tax law to allow a personal income tax credit for members of the U.S. armed forces in active service. The credit is equal to the amount of any fees paid for hunting and/or fishing licenses, privileges, tags, and permits. If the credit exceeds the taxpayer's tax for the year, the excess can be carried over to the following year or years and deducted. The credit cannot exceed the taxpayer's tax for the year. The amendment takes effect immediately and applies to taxable years beginning on or after January 1, 2027.
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