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IN SB0121
Bill
AI Summary
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Provides a $2,000 annual tax credit against adjusted gross income tax liability for active volunteer firefighters and emergency medical technicians who work for volunteer fire departments.
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Requires eligible individuals to participate in at least 33% of their department's combined total of emergency responses and training sessions during the taxable year.
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Mandates that volunteer fire department chiefs confirm individual service eligibility through a prescribed form affirmed under penalties of perjury.
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Allows credit to be counted for participation in multiple volunteer fire departments if an individual is a member of more than one department.
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Credit cannot exceed the taxpayer's adjusted gross income tax liability and cannot be carried forward, carried back, or refunded; effective retroactively for taxable years beginning after December 31, 2014, and expires January 1, 2018.
Legislative Description
Tax credit for volunteer firefighters and EMTs. Provides that an individual who is an active volunteer firefighter or an active volunteer emergency medical technician, and who participates in at least 33% of a department's combined total of emergency responses and training sessions during the year, is entitled to a credit of $2,000 against the individual's adjusted gross income tax liability each taxable year. Provides that confirmation of an individual's service for purposes of the credit must be affirmed under penalties of perjury by the chief of the volunteer fire department.
Last Action
First Reading: referred to Committee on Tax & Fiscal Policy
1/6/2015