Text: SF02129 Text: SF02131 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 422.11C VOLUNTEER FIREFIGHTER OR 1 2 EMERGENCY SERVICES PERSONNEL TAX CREDIT. 1 3 1. The taxes imposed under this division, less the credits 1 4 under sections 422.12 and 422.12B, shall be reduced by a 1 5 volunteer firefighter and volunteer emergency medical services 1 6 personnel credit equal to two hundred fifty dollars. To be 1 7 eligible for the credit, the individual must be a volunteer 1 8 firefighter or volunteer emergency medical services personnel 1 9 for three consecutive years with the thirty-sixth month ending 1 10 in the tax year. If the individual is a volunteer during any 1 11 part of a month, the individual shall be considered a 1 12 volunteer for the entire month. A credit in excess of the tax 1 13 liability shall be refunded with interest computed under 1 14 section 422.25. In lieu of claiming a refund, a taxpayer may 1 15 have the overpayment shown on the taxpayer's final, completed 1 16 return credited to the tax liability for the following tax 1 17 year. 1 18 2. The individual is required to have a written statement 1 19 from the fire chief or other appropriate supervisor verifying 1 20 that the individual was a volunteer firefighter or volunteer 1 21 emergency medical services personnel for the three years 1 22 delineated under paragraph "a". In addition, in the case of a 1 23 volunteer firefighter, the individual shall have completed a 1 24 twenty-four-hour tactical firefighter program prior to 1 25 receiving any credit under this section. 1 26 3. This section is repealed January 1, 2003, for tax years 1 27 beginning on or after that date. 1 28 Sec. 2. EFFECTIVE AND RETROACTIVE APPLICABILITY DATES. 1 29 This Act, being deemed of immediate importance, takes effect 1 30 upon enactment and applies retroactively to January 1, 2000, 1 31 and applies to tax years beginning in the 2000, 2001, and 2002 1 32 calendar years. 1 33 EXPLANATION 1 34 This bill provides an individual income tax credit of $250 1 35 for an individual who was a volunteer firefighter or volunteer 2 1 emergency medical services personnel for three consecutive 2 2 years. The credit is a refundable credit. 2 3 The bill takes effect upon enactment and applies 2 4 retroactively to January 1, 2000, and for tax years beginning 2 5 in the 2000, 2001, and 2002 calendar years. 2 6 LSB 5542XS 78 2 7 mg/gg/8
Text: SF02129 Text: SF02131 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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