The 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 service requirements. Additionally, the bill specifies that if the credit exceeds the taxpayer's tax liability, the excess amount will be refunded.

The bill defines key terms such as "qualified volunteer," "firefighter," "emergency medical services personnel," "life support agency," and "organized fire department," establishing clear criteria for eligibility. A qualified volunteer is defined as someone who has completed at least 120 hours of active service during the tax year and whose compensation is limited to reimbursements for expenses or customary benefits. This legislation aims to recognize and support the contributions of volunteers in emergency services by providing them with a financial incentive through tax credits.

Statutes affected:
House Introduced Bill: 206.1, 206.847