IL HB5194

Creates an income tax credit for volunteer first responders who serve at least 9 months during a taxable year and incur eligible equipment or training expenses, effective for tax years beginning January 1, 2025.

Allows qualified individuals to claim a credit equal to their actual expenses, capped at $1,000 per taxpayer per year, against Illinois income tax liability.

Limits total credits awarded statewide to $5,000,000 per calendar year, distributed on a first-come, first-served basis.

Defines "volunteer first responder" as a non-full-time member of a fire department, fire protection district, or fire protection association with a Fire Department Identification Number from the State Fire Marshal.

Requires fire department chiefs to notify the State Fire Marshal by January 12 each year of volunteer first responders meeting requirements, with the State Fire Marshal providing verification to the Department of Revenue by January 24.