The proposed bill amends the Income Tax Act of 1967 by adding a new section that allows qualified volunteers serving as firefighters or emergency medical services personnel to claim a tax credit of $2,500 for their volunteer services starting from tax years beginning on or after January 1, 2025. To qualify for this credit, volunteers must provide a signed statement from the head of their respective organized fire department or life support agency, confirming their active membership and compliance with training and policy standards, as well as detailing their service hours.

Additionally, the bill specifies that volunteers who are also paid by an organized fire department or life support agency can still claim the credit for their volunteer work with another organization. If the credit exceeds the taxpayer's tax liability, the excess amount will be refunded. The bill also defines key terms such as "qualified volunteer," "firefighter," "emergency medical services personnel," "life support agency," and "organized fire department" to clarify eligibility and the scope of the credit.

Statutes affected:
House Introduced Bill: 206.1, 206.847