Introduced by Representatives Metzger of Milton, Endres of Milton, Morrissey of Bennington and Wright of Burlington
Subject: Taxation; income tax; volunteer fire and rescue workers’ credit
Statement of purpose: This bill proposes to allow an income tax credit for training expenses for volunteer fire and rescue workers.
AN ACT RELATING TO VOLUNTEER FIRE AND RESCUE WORKERS’ TAX CREDIT
It is hereby enacted by the General Assembly of the State of Vermont:
§ 5829. Volunteer fire and rescue workers’ credit
A taxpayer of this state shall be eligible for a nonrefundable credit against the tax imposed under section 5822 or 5832 of this title of up to $2,000.00 of expenditures during the taxable year for training completed by the taxpayer for volunteer fire, rescue, or emergency medical services, if the taxpayer:
(1) is an active member of a Vermont fire, rescue, or emergency medical services organization during the entire tax year; attended at least 50 percent of the organization’s meetings and performed services on scene for at least 50 percent of the organization’s calls during the taxable year; and received no taxable salary for these services; and
(2) has federal adjusted gross income for the taxable year of $50,000.00 or less.
Sec. 2. EFFECTIVE DATE
This act shall apply to taxable years beginning on or after January 1, 2005.
The Vermont General Assembly
115 State Street