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IN HB1361
Bill
Status
1/14/2019
Primary Sponsor
Steve Bartels
Click for details
AI Summary
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Volunteer firefighters and police reserve officers who complete at least one run/shift per month and 50 total runs/shifts annually qualify for a $1,000 state income tax credit
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Clothing and uniform allowances received by volunteer firefighters and police reserve officers are exempt from Indiana adjusted gross income tax
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Local government units must pay police reserve officers a uniform allowance of at least $100 per year
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Fire departments and law enforcement agencies must issue annual confirmation of service forms to volunteers by February 1 for tax credit verification
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Effective July 1, 2019, with the tax credit applying to taxable years beginning after December 31, 2019
Legislative Description
Tax incentives for public safety volunteers. Provides that an individual who is a volunteer firefighter or a police reserve officer and meets certain requirements is entitled to a credit of $1,000 against the individual's adjusted gross income tax liability each taxable year. Provides that a clothing or uniform allowance received by a volunteer firefighter or police reserve officer is exempt from the adjusted gross income tax imposed on the income of the individual.
Last Action
First reading: referred to Committee on Ways and Means
1/14/2019