Bill gives tax breaks to volunteer firefighters
ALBANY – Volunteer firefighters could see a break in their personal income tax if lawmakers pass a bill that’s currently working its way through the state legislature.
State legislators hope to provide up to $1,200 in income tax credits to volunteer firefighters and members of a volunteer ambulance corps who are in good standing. Beneficiaries must be in good standing for a minimum of five years and maintain continued eligibility in New York State.
Backers of the bill say that volunteer firefighters and ambulance corps aren’t compensated for their duty and, due to the shortage of volunteers statewide, a tax incentive is warranted.
Many local municipalities already offer similar property tax credits to volunteer firefighters and ambulance workers. The problem, according to bill sponsors, is that property tax credits exclude volunteers who don't own a home whereas an income tax credit would apply to nearly all volunteers across the board.
The bill is currently in review in the Senate Investigations and Government Operations Committee.
State legislators hope to provide up to $1,200 in income tax credits to volunteer firefighters and members of a volunteer ambulance corps who are in good standing. Beneficiaries must be in good standing for a minimum of five years and maintain continued eligibility in New York State.
Backers of the bill say that volunteer firefighters and ambulance corps aren’t compensated for their duty and, due to the shortage of volunteers statewide, a tax incentive is warranted.
Many local municipalities already offer similar property tax credits to volunteer firefighters and ambulance workers. The problem, according to bill sponsors, is that property tax credits exclude volunteers who don't own a home whereas an income tax credit would apply to nearly all volunteers across the board.
The bill is currently in review in the Senate Investigations and Government Operations Committee.
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