25RS HB 151

Actions

Last Action	01/08/25: to Committee on Committees (H)
Title	AN ACT relating to a tax credit for volunteer firefighters.
Bill Documents	Introduced
Bill Request Number	821
Sponsor	A. Tackett Laferty
Summary of Original Version	Create a new section of KRS Chapter 141 to establish a refundable income tax credit for certain volunteer firefighters; declare the purpose of the credit; require annual reporting to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue to evaluate the impact of the credit; amend KRS 141.0205 to provide the ordering of the credit; amend KRS 131.190 to allow confidential tax return information to be shared with the Legislative Research Commission and Interim Joint Committee on Appropriations and Revenue.
Index Headings of Original Version	Firefighters and Fire Departments - Volunteer firefighters, income tax credit Taxation - Volunteer firefighters, income tax credit Taxation, Income--Individual - Volunteer firefighters, tax credit Reports Mandated - Active volunteer firefighter tax credit, annual report