IL HB3271

Creates a $1,400 annual income tax credit for individuals who serve as volunteer emergency workers for at least 9 months during the taxable year, effective for tax years beginning January 1, 2024.

Defines "volunteer emergency worker" as members of fire departments or fire protection districts who serve on a non-full-time basis, including volunteer firefighters and EMS personnel (EMR, EMT, EMT-I, A-EMT, Paramedic, ambulance drivers/attendants).

Allows excess credits that exceed tax liability to be carried forward and applied to tax liability for the following 5 taxable years, with earlier credits applied first.

Credit cannot reduce a taxpayer's tax liability below zero and applies against state income taxes imposed under Section 201 of the Illinois Income Tax Act.

Exempts the credit from the provisions of Section 250 of the tax code.