SF 2071 (LSB 5741XS (2) 85)

SENATE FILE 2071

BY  WILHELM

A BILL FOR

An Act increasing the amount of the volunteer fire fighter and volunteer emergency medical services personnel tax credit 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), unnumbered paragraph 1, Code 2014, is amended to read as follows:

   A volunteer fire fighter and volunteer emergency medical services personnel credit equal to fifty one hundred dollars to compensate the taxpayer for the voluntary services if the volunteer served for the entire tax year.
    Sec. 2.  RETROACTIVE APPLICABILITY.  This Act applies retroactively to January 1, 2014, for tax years beginning on or after that date.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   This bill increases to $100 from $50 the amount of the volunteer fire fighter and volunteer emergency medical services personnel tax credit available against the state individual income tax. 
   The bill applies retroactively to January 1, 2014, for tax years beginning on or after that date.