This bill amends the Tax Reform Code of 1971 to introduce a new tax credit specifically for active volunteer certified emergency medical technicians and volunteer firefighters. It adds a new article, ARTICLE XVIII-I, which defines key terms related to the tax credit, including "active volunteer certified emergency medical technician," "active volunteer firefighter," and "qualified tax liability." The bill outlines the application process for taxpayers to claim the credit, which requires documentation of eligibility criteria, including residency and service requirements. Eligible taxpayers can claim a maximum credit of $500 against their tax liability.

Additionally, the bill establishes that taxpayers cannot carry over, carry back, or sell unused tax credits, and it mandates self-certification by taxpayers regarding their eligibility. The Department of Revenue is tasked with creating guidelines for administering the tax credit and is required to report annually on the number of credits granted and the eligible individuals utilizing them. A penalty is imposed for taxpayers who claim the credit without meeting the established standards, requiring them to repay the credit amount with interest.

Statutes/Laws affected:
Printer's No. 499 (Mar 26, 2025): P.L.6, No.2
Printer's No. 0499: P.L.6, No.2