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 This section is repealed January 1, 2003, for tax years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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