MS SB2685

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

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

Requires taxpayers to provide documentation on a Department of Revenue form verified by the county fire coordinator proving three or more consecutive years of active volunteer firefighter service.

Directs the State Fire Marshal to promulgate rules and regulations to define and prescribe which persons qualify as active service volunteer firefighters.

Effective January 1, 2023.