IL SB0050

Creates a $1,000 income tax credit for individuals who serve as volunteer firefighters, volunteer EMS providers, or volunteer emergency workers for at least 6 months during the taxable year

Applies to taxable years beginning on or after January 1, 2024, and requires taxpayers to reapply for the credit annually

Credit cannot reduce a taxpayer's liability below zero (non-refundable credit)

Claimants must submit written certification from their fire department chief or authorized EMS organization official confirming at least 6 months of service and completion of all participation and training requirements

Exempts this tax credit from the sunset provisions of Section 250 of the Illinois Income Tax Act