MS HB1576

Establishes a refundable income tax credit of $500 for taxpayers who serve in active service as volunteer firefighters during the taxable year.

Allows taxpayers to receive a refund from the Department of Revenue if the tax credit exceeds their income tax liability after accounting for all other allowable credits.

Requires taxpayers to provide documentation verified by the county fire coordinator demonstrating continuous active service as a volunteer firefighter for at least three consecutive years.

Directs the State Fire Marshal to promulgate rules and regulations defining and prescribing which persons qualify as active service volunteer firefighters for purposes of the tax credit.

Effective January 1, 2016.