Excludes certain training stipends for volunteer firefighters from state income tax.
Summary
Bill S06002 proposes an amendment to the New York tax law that would exclude certain training stipends received by volunteer firefighters from state income tax. Specifically, it aims to amend subsection (c) of section 612 of the tax law by adding a new paragraph that addresses training stipends under section 200-aa of the general municipal law. This exclusion is intended to apply to stipends that are includable in federal adjusted gross income, thereby providing tax relief to volunteer firefighters who participate in training programs.
Impact
If enacted, this bill would have a direct impact on the state income tax obligations of volunteer firefighters in New York. By excluding these training stipends from taxable income, the bill would reduce the overall tax burden on these individuals, potentially encouraging more people to volunteer as firefighters and participate in training programs. This could lead to an increase in the number of trained volunteer firefighters available to serve communities across the state, enhancing public safety and emergency response capabilities.
Sentiment
The sentiment surrounding Bill S06002 appears to be generally positive, as discussions indicate support for measures that benefit volunteer firefighters. There is recognition of the important role these individuals play in community safety and a desire to provide them with financial relief. However, as no votes or committee discussions are recorded, the extent of support or opposition remains unclear.
Contention
While there are no recorded points of contention regarding Bill S06002, potential concerns could arise from the fiscal implications of excluding these stipends from taxable income. Some lawmakers may question the impact on state revenue and whether such tax exemptions are sustainable in the long term. Additionally, there may be discussions around ensuring that the stipends are appropriately defined and that the intended beneficiaries are indeed volunteer firefighters.
Requires the office of fire prevention and control to pay training stipends in specific amounts to volunteer firefighters for completion of certain firefighter trainings; provides that if a volunteer fire company pays training stipends to volunteer firefighters in an amount below what is otherwise required to be paid by OFPC, OFPC shall pay the remaining amount.
An Act Allowing A Personal Income Tax Deduction For Stipends Paid To Volunteer Firefighters, Volunteer Fire Police Officers And Volunteer Ambulance Members.