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NC S304
Bill
AI Summary
- Allows unpaid volunteer firefighters and rescue/emergency medical services workers to claim an income tax credit for unreimbursed business expenses related to their rescue work
- Credits are capped at the lesser of $500 or the taxpayer's tax liability for the year
- Eligible firefighters must be unpaid members of volunteer fire departments who attended at least 36 hours of fire department 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
- Taxpayers cannot claim the credit as both a firefighter and rescue squad worker in the same tax year; effective for taxable years beginning January 1, 2023
Legislative Description
Volunteer Rescue Worker Tax Credit
Individual Income; Volunteers
Last Action
Ref To Com On Rules and Operations of the Senate
3/14/2023
Committee Referrals
Rules and Operations of the Senate3/14/2023
Full Bill Text
No bill text available