New York bill A05782 amends the tax law to exclude service awards for volunteer firefighters and ambulance workers from federal adjusted gross income.

New York Assembly bill A05782 amends the state tax law to exclude from federal adjusted gross income and state income tax the amount of any service award paid to a volunteer firefighter or volunteer ambulance worker. This change makes such payments tax-exempt in the same manner as a pension. The bill's provisions apply to awards given under specific articles of the general municipal law and take effect immediately upon enactment.

New York bill A05782 amends the tax law to exclude service awards for volunteer firefighters and ambulance workers from federal adjusted gross income.

New York Assembly bill A05782 amends the state tax law to exclude from federal adjusted gross income and state income tax the amount of any service award paid to a volunteer firefighter or volunteer ambulance worker. This change makes such payments tax-exempt in the same manner as a pension. The bill's provisions apply to awards given under specific articles of the general municipal law and take effect immediately upon enactment.