New York S05837 increases the tax credit for volunteer firefighters and ambulance workers.

New York S05837 amends the tax law to increase the credit for volunteer firefighters and ambulance workers. For taxable years starting after January 1, 2027, the credit increases from $200 to $1,200 for each individual volunteer. If both spouses in a joint return are volunteers, the credit doubles to $2,400. If the credit exceeds the taxpayer's tax, the excess is treated as an overpayment. The bill takes effect January 1, 2027, and applies to taxable years beginning on or after that date.

New York S05837 increases the tax credit for volunteer firefighters and ambulance workers.

New York S05837 amends the tax law to increase the credit for volunteer firefighters and ambulance workers. For taxable years starting after January 1, 2027, the credit increases from $200 to $1,200 for each individual volunteer. If both spouses in a joint return are volunteers, the credit doubles to $2,400. If the credit exceeds the taxpayer's tax, the excess is treated as an overpayment. The bill takes effect January 1, 2027, and applies to taxable years beginning on or after that date.