New York S01123 provides a state income tax credit of up to $2500 for volunteer firefighters and members of a volunteer ambulance corps in good.
New York S01123 amends the tax law to offer a state income tax credit to volunteer firefighters and members of a volunteer ambulance corps in good standing. The credit is up to $2500, or the total amount of tax owed if less than $2500. To qualify, the volunteer must have been in good standing for at least five years and maintain continued eligibility. This credit applies to taxable years beginning on or after the bill's effective date.
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