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NC H25
Bill
Status
Introduced
1/26/2023
Primary Sponsor
Keith Kidwell
Click for details
AI Summary
- Allows eligible firefighters and rescue squad workers to claim an income tax credit for unreimbursed business expenses related to their volunteer work
- Credit is limited to the lesser of $500 or the amount of tax imposed for the taxable year, reduced by other credits
- Eligible firefighters must be unpaid members of volunteer fire departments who attended at least 36 hours of drills and meetings during the taxable year
- Eligible rescue squad workers must be unpaid members of volunteer rescue or emergency medical services squads who attended at least 36 hours of training and meetings during the taxable year
- Effective for taxable years beginning on or after January 1, 2023; taxpayers cannot claim the credit as both a firefighter and rescue squad worker in a single year
Legislative Description
Volunteer Rescue Worker Tax Credit
Individual Income; Volunteers
Last Action
Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House
1/30/2023
Committee Referrals
Finance1/30/2023
Full Bill Text
No bill text available