MI HB5432

Creates a $2,500 tax credit for qualified volunteers serving as firefighters or emergency medical services personnel with organized fire departments or life support agencies, effective for tax years beginning January 1, 2024 and after.

Requires qualified volunteers to have at least 120 hours of active service during the tax year and at least 10 hours of service per month, with a signed written statement from the department or agency head affirming compliance with training and policy standards.

Defines eligible volunteers as those whose only compensation is reimbursement for reasonable expenses or customary benefits and fees, including paid on-call firefighters and emergency medical services personnel who volunteer for additional departments or agencies.

Allows tax credits exceeding a taxpayer's annual tax liability to be refunded to the claimant.

Defines relevant terms including "firefighter," "emergency medical services personnel," "organized fire department," and "life support agency" by reference to Michigan Public Health Code provisions and includes drivers, pump operators, and dispatchers as eligible firefighters.