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MS SB2805
Bill
AI Summary
- Authorizes a $500 income tax credit for taxpayers who actively serve as volunteer firefighters during the taxable year.
- Unused tax credits may be carried forward for up to three succeeding taxable years.
- Requires taxpayers to submit documentation from the Department of Revenue verified by the county fire coordinator confirming active volunteer firefighter status for the entire taxable year.
- Directs the State Fire Marshal to promulgate rules and regulations defining qualification criteria for active service volunteer firefighters.
- Effective January 1, 2016.
Legislative Description
Income tax; authorize a credit for volunteer firefighters.
Last Action
Died In Committee
3/16/2016
Committee Referrals
Finance2/8/2016
Full Bill Text
No bill text available