New York Senate Bill S06002 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 6002 2025-2026 Regular Sessions  IN SENATE March 4, 2025 ___________ Introduced by Sen. SKOUFIS -- 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 excluding certain training stipends for volunteer firefighters from state income tax 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 48 to read as follows: 3 (48) Training stipends received under section two hundred-aa of the 4 general municipal law, to the extent includable in federal adjusted 5 gross income. 6 § 2. This act shall take effect immediately, and shall apply to the 7 taxable year in which it shall take effect and to all subsequent taxable 8 years. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09870-01-5