Loading chat...

IN HB1141

Bill

Official Source

Status

Introduced

1/7/2016

Primary Sponsor

Richard Hamm

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Establishes a $500 annual income tax credit for individuals who serve as volunteer firefighters during the taxable year
  • Applies to taxable years beginning after December 31, 2016, with an effective date of July 1, 2016
  • Credit cannot exceed the taxpayer's adjusted gross income tax liability for the year, and unused credits cannot be carried forward, carried back, or refunded
  • Requires fire departments to issue a standard confirmation of service form to volunteer firefighters by February 1 each year
  • Volunteer firefighters filing paper returns must submit the confirmation of service with their tax return; those filing electronically must retain it with their records and submit upon request

Legislative Description

Income tax credit for volunteer firefighters. Provides that an individual who is a volunteer firefighter is entitled to a credit of $500 against the individual's adjusted gross income tax liability each taxable year.

Last Action

First reading: referred to Committee on Ways and Means

1/7/2016

Committee Referrals

Ways and Means1/7/2016

Full Bill Text

No bill text available