NY State Senate Bill 2021-S5111

Senate Bill S5111

2021-2022 Legislative Session

Exempts the amount of any service award paid to any volunteer firefighter or ambulance worker from personal income tax

download bill text pdf

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 05, 2022	referred to budget and revenue
Feb 24, 2021	referred to budget and revenue

2021-S5111 (ACTIVE) - Details

Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S5420
2011-2012: S4727
2013-2014: S540
2015-2016: S646
2017-2018: S1815
2019-2020: S640

2021-S5111 (ACTIVE) - Summary

Exempts the amount of any service award paid to any volunteer firefighter or ambulance worker from personal income tax.

2021-S5111 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S5111

SPONSOR: KENNEDY
 
TITLE OF BILL:

An act to amend the tax law, in relation to exempting the proceeds from
service award programs for volunteer firefighters and ambulance workers
from personal income taxes

 
PURPOSE: OF THE BILL:

To correct an inequity with comparable benefits by providing that length
of service award benefits for volunteer firefighters and volunteer ambu-
lance workers be exempt from taxation.

 
SUMMARY OF SPECIFIC PROVISIONS:

Article 22 of the tax law regarding personal income is amended by adding
new paragraph 3-d to subsection (c) of section 612.

JUSTIFICATION:

Service award programs were created as a means of aiding in the recruit-
ment and especially the retention of volunteer firefighters and volun-
teer ambulance workers.  There is no question that the retention of
volunteers has been aided by the service awards provided by the enact-
ment of the length of service program law. Unfortunately, the benefits
in both the individual and to fire safety (through retention) are now
being called into question as it becomes known that income that will be
derived will be treated as personal income for taxation purposes.  This
bill seeks to correct what is essentially an inequity, both with respect
to the spirit in which the law was created and as compared to certain
other benefits generally available, such as disability income, social
security benefits, and pensions and annuities. PRIOR

 
LEGISLATIVE HISTORY:

2017-18: S .1815

2015-16: S .646

2013-14: S .540

2011-2012: S.4727

2009-2010: A.4450/S.5420

2007-2008: A.4895-B/S.2026-B

2005-2006: A.957-A/5.1908-A

2003-2004: A.2592/S.4109

2001-2002: A.8737/S.4841

1999-2000: A.11007/S.7642

2019-20: S640A

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately and apply to taxable years begin-
ning on and after January 1, 2023.

2021-S5111 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5111
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2021
                                ___________
 
 Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 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:
 
   Section  1. Subsection (c) of section 612 of the tax law is amended by
 adding a new paragraph 3-d to read as follows:
   (3-D) THE AMOUNT OF ANY SERVICE AWARD PAID TO ANY VOLUNTEER FIREFIGHT-
 ER AND THE AMOUNT OF ANY SERVICE AWARD PAID TO ANY  VOLUNTEER  AMBULANCE
 WORKER FROM THE LENGTH OF SERVICE DEFINED CONTRIBUTION PLANS AND DEFINED
 BENEFIT  PLANS  APPLICABLE  TO SUCH WORKERS, AS PROVIDED FOR IN ARTICLES
 ELEVEN-A, ELEVEN-AA, ELEVEN-AAA, AND ELEVEN-AAAA OF THE GENERAL  MUNICI-
 PAL LAW; PROVIDED, HOWEVER THAT THE EXCLUSION PROVIDED IN THIS PARAGRAPH
 SHALL  NOT APPLY TO A SERVICE AWARD THAT IS DISTRIBUTED IN THE FORM OF A
 LUMP SUM OR THAT IS DISTRIBUTED TO A TAXPAYER THAT HAS NOT ATTAINED  THE
 AGE OF FIFTY-NINE AND ONE-HALF.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2023.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06921-01-1

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