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MS HB295
Bill
Status
Failed
2/26/2025
Primary Sponsor
Jerry Turner
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AI Summary
- Authorizes a refundable income tax credit of $500 for taxpayers who serve in active service as volunteer firefighters in the taxable year
- Makes the credit refundable, meaning taxpayers receive a refund from the Department of Revenue if the credit exceeds their income tax liability after accounting for other allowable credits
- Requires taxpayers to provide documentation on a Department of Revenue form verified by the appropriate county fire coordinator to demonstrate active volunteer firefighter status
- Directs the State Fire Marshal to promulgate rules and regulations to define and prescribe which persons qualify as active service volunteer firefighters for purposes of the tax credit
- Takes effect January 1, 2026
Legislative Description
Income tax; authorize a credit for taxpayers who serve as volunteer firefighters.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means1/10/2025
Full Bill Text
No bill text available