HF 2005 (LSB 5050YH (3) 88)

HOUSE FILE 2005

BY  BOSSMAN

A BILL FOR

An Act relating to the individual income tax credits for volunteer fire fighters, volunteer emergency medical services personnel members, and reserve peace officers by increasing the amounts of the credits, and including retroactive applicability provisions. 
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 422.12, subsection 2, paragraph c, subparagraph (1), Code 2020, is amended to read as follows:
   (1)  A volunteer fire fighter and volunteer emergency medical services personnel member credit equal to one two hundred dollars to compensate the taxpayer for the voluntary services if the volunteer served for the entire tax year. A taxpayer who is a paid employee of an emergency medical services program or a fire department and who is also a volunteer emergency medical services personnel member or volunteer fire fighter in a city, county, or area governed by an agreement pursuant to chapter 28E where the emergency medical services program or fire department performs services, shall qualify for the credit provided under this paragraph “c”.
    Sec. 2.  Section 422.12, subsection 2, paragraph d, subparagraph (1), Code 2020, is amended to read as follows:
   (1)  A reserve peace officer credit equal to one two hundred dollars to compensate the taxpayer for services as a reserve peace officer if the reserve peace officer served for the entire tax year.
    Sec. 3.  RETROACTIVE APPLICABILITY.  The following provisions of this Act apply retroactively to January 1, 2020, for tax years beginning on or after that date:
   1.  The sections of this Act amending section 422.12.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to the individual income tax credits available to volunteer fire fighters, volunteer emergency medical services personnel members, and reserve peace officers. 
   The bill increases to $200 from $100 the maximum amount per individual of the income tax credits for services performed during the year. The tax credit increase applies retroactively to tax years beginning on or after January 1, 2020.