Bill Text: IA HF531 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to the individual income tax credits for volunteer fire fighters, volunteer emergency medical services personnel members, and reserve peace officers by increasing the amounts of the credits, and including retroactive applicability provisions.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-03-01 - Introduced, referred to Ways and Means. H.J. 453. [HF531 Detail]
Download: Iowa-2023-HF531-Introduced.html
House
File
531
-
Introduced
HOUSE
FILE
531
BY
JACOBY
A
BILL
FOR
An
Act
relating
to
the
individual
income
tax
credits
for
1
volunteer
fire
fighters,
volunteer
emergency
medical
2
services
personnel
members,
and
reserve
peace
officers
3
by
increasing
the
amounts
of
the
credits,
and
including
4
retroactive
applicability
provisions.
5
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
6
TLSB
2330YH
(2)
90
jm/jh
H.F.
531
Section
1.
Section
422.12,
subsection
2,
paragraph
c,
1
subparagraph
(1),
Code
2023,
is
amended
to
read
as
follows:
2
(1)
A
volunteer
fire
fighter
and
volunteer
emergency
3
medical
services
personnel
member
credit
equal
to
two
hundred
4
fifty
one
thousand
dollars
to
compensate
the
taxpayer
for
the
5
voluntary
services
if
the
volunteer
served
for
the
entire
6
tax
year.
A
taxpayer
who
is
a
paid
employee
of
an
emergency
7
medical
services
program
or
a
fire
department
and
who
is
also
8
a
volunteer
emergency
medical
services
personnel
member
or
9
volunteer
fire
fighter
in
a
city,
county,
or
area
governed
10
by
an
agreement
pursuant
to
chapter
28E
where
the
emergency
11
medical
services
program
or
fire
department
performs
services,
12
shall
qualify
for
the
credit
provided
under
this
paragraph
“c”
.
13
Sec.
2.
Section
422.12,
subsection
2,
paragraph
d,
14
subparagraph
(1),
Code
2023,
is
amended
to
read
as
follows:
15
(1)
A
reserve
peace
officer
credit
equal
to
two
hundred
16
fifty
one
thousand
dollars
to
compensate
the
taxpayer
for
17
services
as
a
reserve
peace
officer
if
the
reserve
peace
18
officer
served
for
the
entire
tax
year.
19
Sec.
3.
RETROACTIVE
APPLICABILITY.
This
Act
applies
20
retroactively
to
January
1,
2023,
for
tax
years
beginning
on
21
or
after
that
date.
22
EXPLANATION
23
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
24
the
explanation’s
substance
by
the
members
of
the
general
assembly.
25
This
bill
relates
to
the
individual
income
tax
credits
26
available
to
volunteer
fire
fighters,
volunteer
emergency
27
medical
services
personnel
members,
and
reserve
peace
officers.
28
For
services
performed
by
such
individuals,
the
bill
29
increases
the
maximum
amount
of
the
individual
income
tax
30
credit
available
against
the
state
individual
income
tax
from
31
$250
to
$1,000
per
tax
year.
The
tax
credit
increase
applies
32
retroactively
to
tax
years
beginning
on
or
after
January
1,
33
2023.
34
-1-
LSB
2330YH
(2)
90
jm/jh
1/
1
