Bill Text: NY A04473 | 2019-2020 | General Assembly | Introduced
Bill Title: Exempts the amount of any service award paid to any volunteer firefighter or ambulance worker from personal income tax.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A04473 Detail]
Download: New_York-2019-A04473-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4473 2019-2020 Regular Sessions IN ASSEMBLY February 4, 2019 ___________ Introduced by M. of A. DenDEKKER -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting the proceeds from service award programs for volunteer firefighters and ambulance work- ers from personal income taxes The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 3-d to read as follows: 3 (3-d) The amount of any service award paid to any volunteer firefight- 4 er and the amount of any service award paid to any volunteer ambulance 5 worker from the length of service defined contribution plans and defined 6 benefit plans applicable to such workers, as provided for in articles 7 eleven-A, eleven-AA, eleven-AAA, and eleven-AAAA of the general munici- 8 pal law; provided, however that the exclusion provided in this paragraph 9 shall not apply to a service award that is distributed in the form of a 10 lump sum or that is distributed to a taxpayer that has not attained the 11 age of fifty-nine and one-half. 12 § 2. This act shall take effect immediately and shall apply to taxable 13 years beginning on and after January 1, 2021. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02139-01-9
