NYS Department of Taxation and
Finance has issued Form IT-245 in order to claim a $200 (or $400)
New York State 2007 income tax credit for service with a VAC or VFD.
Instructions are included on the form which is attached to this
email.
Chapter 532 of the Laws of 2007 makes it possible for all active
volunteer firefighters and ambulance workers to qualify for the
personal income tax credit in calendar year 2007, even if such
volunteer also received a real property tax exemption for his or her
volunteer service.
In 2006 NYS adopted a law that provides volunteer firefighters
and ambulance workers with a $200 personal income tax credit (the
credit is $400 for taxpayers who file a joint return and who each
qualify for the credit). This tax credit is available to a volunteer
that is active and who is not also receiving a real property tax
exemption for his or her volunteer service. Because this law was
adopted after many volunteers had already applied for their local
real property tax exemption, such volunteers would not be eligible
for the personal income tax credit for the 2007 income tax year.
Chapter 532 corrects this problem.