House File 2016 - Introduced



                                    HOUSE FILE       
                                    BY  S. OLSON


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing volunteer fire fighters with an individual
  2    income tax credit and providing effective and retroactive
  3    applicability dates.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 5517YH 82
  6 mg/rj/14

PAG LIN



  1  1    Section 1.  Section 422.12, Code Supplement 2007, is
  1  2 amended by adding the following new subsection:
  1  3    NEW SUBSECTION.  2A.  a.  A volunteer fire fighter credit
  1  4 equal to the amount specified in paragraph "b" to compensate
  1  5 the taxpayer for the voluntary services.
  1  6    b.  The amount of the credit is equal to two hundred fifty
  1  7 dollars.
  1  8    However, if the taxpayer is not a volunteer fire fighter
  1  9 for the entire tax year, the amount of the dollar credit shall
  1 10 be prorated and the amount of credit shall equal the maximum
  1 11 amount of credit for the tax year, divided by twelve,
  1 12 multiplied by the number of months in the tax year the
  1 13 taxpayer was a volunteer.  The credit shall be rounded to the
  1 14 nearest five dollars.  If the taxpayer is a volunteer during
  1 15 any part of a month, the taxpayer shall be considered a
  1 16 volunteer for the entire month.
  1 17    c.  The taxpayer is required to have a written statement
  1 18 from the fire chief or other appropriate supervisor verifying
  1 19 that the taxpayer was a volunteer fire fighter for the months
  1 20 for which the credit under this subsection is claimed.
  1 21    d.  For purposes of this subsection, "volunteer fire
  1 22 fighter" means a volunteer fire fighter as defined in section
  1 23 85.61 who has met the minimum training standards established
  1 24 by the fire service training bureau pursuant to chapter 100B.
  1 25    Sec. 2.  EFFECTIVE AND APPLICABILITY DATES.  This Act,
  1 26 being deemed of immediate importance, takes effect upon
  1 27 enactment and applies retroactively to January 1, 2008, for
  1 28 tax years beginning on or after that date.
  1 29                           EXPLANATION
  1 30    This bill provides an individual income tax credit for an
  1 31 individual who was a volunteer fire fighter who has met the
  1 32 minimum training standards for the entire tax year.  The
  1 33 credit is to compensate the individual for the volunteer
  1 34 services.  The amount of the credit equals $250.  If the
  1 35 individual was not a volunteer for the entire tax year, the
  2  1 amount of credit is prorated based upon the months of
  2  2 volunteer service.
  2  3    The bill takes effect upon enactment and applies
  2  4 retroactively to January 1, 2008, for tax years beginning on
  2  5 or after that date.
  2  6 LSB 5517YH 82
  2  7 mg/rj/14