New York bill A07969 amends the tax law to exclude certain training stipends for volunteer firefighters from state income tax.

New York bill A07969 amends the tax law by adding a new paragraph to section 612, which excludes training stipends received by volunteer firefighters under section two hundred-aa of the general municipal law from state income tax. This exclusion applies to the extent that these stipends are includable in federal adjusted gross income. The amendment takes effect immediately and applies to the taxable year in which it takes effect and to all subsequent taxable years.

New York bill A07969 amends the tax law to exclude certain training stipends for volunteer firefighters from state income tax.

New York bill A07969 amends the tax law by adding a new paragraph to section 612, which excludes training stipends received by volunteer firefighters under section two hundred-aa of the general municipal law from state income tax. This exclusion applies to the extent that these stipends are includable in federal adjusted gross income. The amendment takes effect immediately and applies to the taxable year in which it takes effect and to all subsequent taxable years.