New York A03114 increases the tax credit for volunteer firefighters and ambulance workers.

New York A03114 amends the tax law to increase the tax credit for volunteer firefighters and ambulance workers. For single filers, the credit increases from $200 to $500. For married couples filing jointly, the credit increases from $400 to $1,000. This change applies to taxable years beginning on and after January 1, 2026. The bill also specifies that taxpayers receiving a real property tax exemption for their volunteer service are not eligible for this credit unless certain conditions are met.

New York A03114 increases the tax credit for volunteer firefighters and ambulance workers.

New York A03114 amends the tax law to increase the tax credit for volunteer firefighters and ambulance workers. For single filers, the credit increases from $200 to $500. For married couples filing jointly, the credit increases from $400 to $1,000. This change applies to taxable years beginning on and after January 1, 2026. The bill also specifies that taxpayers receiving a real property tax exemption for their volunteer service are not eligible for this credit unless certain conditions are met.