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MS HB42
Bill
Status
Failed
2/21/2018
Primary Sponsor
Tom Miles
Click for details
AI Summary
- Creates a refundable income tax credit of $500 for taxpayers who actively serve as volunteer firefighters
- Credit is refundable, meaning taxpayers receive a refund from the Department of Revenue if the credit exceeds their income tax liability after other credits
- Requires taxpayers to provide documentation from their county fire coordinator proving they have continuously served as active volunteer firefighters for at least three consecutive years
- Directs the State Fire Marshal to promulgate rules and regulations defining which persons qualify as active service volunteer firefighters
- Takes effect January 1, 2018
Legislative Description
Income tax; authorize a credit for taxpayers who serve as volunteer firefighters.
Last Action
Died In Committee
2/21/2018
Committee Referrals
Ways and Means1/2/2018
Full Bill Text
No bill text available