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MS SB2941
Bill
AI Summary
- Authorizes an income tax credit of up to $500 for taxpayers who served as volunteer firefighters for the entire taxable year
- Defines "volunteer firefighter" as a member of a volunteer fire department who serves without compensation (except nominal compensation or meals), has been active for at least two years, and has completed required certification
- Credits cannot exceed the lesser of $500 or the taxpayer's total tax liability reduced by other allowable credits
- Codifies the provision in Chapter 7, Title 27 of the Mississippi Code
- Effective January 1, 2014
Legislative Description
Income tax; authorize a credit for taxpayers who serve as volunteer firefighters.
Last Action
Died In Committee
2/26/2014
Committee Referrals
Finance2/10/2014
Full Bill Text
No bill text available