House Bill No. by Representative Mike Johnson proposes to establish a refundable individual income tax credit for volunteer firefighters in Louisiana, amounting to $1,000 annually. This bill amends existing law by repealing the current $500 tax deduction for volunteer firefighters and replacing it with the new tax credit. The qualifications for the credit require that individuals be Louisiana taxpayers, complete at least 24 hours of firefighter continuing education within the tax year, and be active members of the Louisiana State Firemen's Association or listed on the personnel roster of the Volunteer Firefighter Insurance Program.

The bill also includes provisions that if the tax credit exceeds the taxpayer's liability for the year, the excess amount will be treated as an overpayment, allowing for a refund from the Department of Revenue. The effective date for this new tax credit is set for January 1, 2024. The changes aim to provide greater financial support to volunteer firefighters in recognition of their service.

Statutes affected:
HB52 Original: 47:293(7)