This bill amends the individual income tax credits for volunteer fire fighters, volunteer emergency medical services personnel, and reserve peace officers by increasing the credit amount from $250 to $1,000 for those who serve the entire tax year. Specifically, it modifies Section 422.12 of the Iowa Code, where the previous credit amounts are deleted and replaced with the new higher amounts. The changes apply to both volunteer fire fighters and emergency medical services personnel, as well as reserve peace officers.

Additionally, the bill includes a provision for retroactive applicability, meaning that the increased tax credits will be effective for tax years beginning on or after January 1, 2025. This retroactive application ensures that individuals who qualify for these credits will benefit from the increased amounts for the specified tax years.

Statutes affected:
Introduced: 422.12