MS HB1604

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

Credit is refundable, meaning if the $500 credit exceeds the taxpayer's income tax liability, the Department of Revenue must issue a refund for the excess amount

Requires taxpayers to provide documentation verified by the county fire coordinator proving they are actively serving as volunteer firefighters and have continuously served for at least three consecutive years

Delegates to the State Fire Marshal the authority to promulgate rules and regulations defining which persons qualify as active service volunteer firefighters

Takes effect January 1, 2017