Increases the tax credit for volunteer firefighters and ambulance workers in New York.

This bill increases the tax credit for volunteer firefighters and ambulance workers in New York. For single filers, the credit increases from $200 to $500 for taxable years beginning on and after January 1, 2026. For spouses filing jointly, the credit increases from $400 to $1,000 for the same period. The bill specifies that taxpayers who receive a real property tax exemption for their volunteer service are not eligible for this credit, with certain exceptions. If the credit exceeds the taxpayer's tax for a year, the excess is treated as an overpayment to be credited or refunded.

Increases the tax credit for volunteer firefighters and ambulance workers in New York.

This bill increases the tax credit for volunteer firefighters and ambulance workers in New York. For single filers, the credit increases from $200 to $500 for taxable years beginning on and after January 1, 2026. For spouses filing jointly, the credit increases from $400 to $1,000 for the same period. The bill specifies that taxpayers who receive a real property tax exemption for their volunteer service are not eligible for this credit, with certain exceptions. If the credit exceeds the taxpayer's tax for a year, the excess is treated as an overpayment to be credited or refunded.