HB 5281 Summary

• Allows a personal income tax deduction for stipends paid to volunteer firefighting or emergency medical services personnel, effective January 1, 2025 for taxable years commencing on or after January 1, 2025.

• Amends Connecticut General Statutes section 12-701(a)(20)(B) by adding a new subparagraph (xxxv) to the list of income that may be subtracted from gross income for Connecticut tax purposes.

• The deduction applies to qualified payments as defined in Section 139B of the Internal Revenue Code, limited to a maximum of $2,000 in the aggregate per taxable year.

• Referred to the Committee on Public Safety and Security with a Joint Favorable recommendation.