Bill Text: IA SF491 | 2017-2018 | 87th General Assembly | Introduced

Iowa Senate Bill 491 (Prior Session Legislation)

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 requesting an interim study related to the credits, and including effective date and retroactive applicability provisions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-03-14 - Subcommittee: Feenstra, Brown, and McCoy. S.J. 604. [SF491 Detail]

Download: Iowa-2017-SF491-Introduced.html


Senate File 491 - Introduced




                                 SENATE FILE       
                                 BY  DANIELSON

                                      A BILL FOR

  1 An Act relating to the individual income tax credits for
  2    volunteer fire fighters, volunteer emergency medical
  3    services personnel members, and reserve peace officers
  4    by increasing the amounts of the credits and requesting
  5    an interim study related to the credits, and including
  6    effective date and retroactive applicability provisions.
  7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN



  1  1    Section 1.  Section 422.12, subsection 2, paragraph c,
  1  2 subparagraph (1), Code 2017, is amended to read as follows:
  1  3    (1)  A volunteer fire fighter and volunteer emergency
  1  4 medical services personnel member credit equal to one hundred
  1  5 fifty dollars to compensate the taxpayer for the voluntary
  1  6 services if the volunteer served for the entire tax year.
  1  7 A taxpayer who is a paid employee of an emergency medical
  1  8 services program or a fire department and who is also a
  1  9 volunteer emergency medical services personnel member or
  1 10 volunteer fire fighter in a city, county, or area governed
  1 11 by an agreement pursuant to chapter 28E where the emergency
  1 12 medical services program or fire department performs services,
  1 13 shall qualify for the credit provided under this paragraph "c".
  1 14    Sec. 2.  Section 422.12, subsection 2, paragraph d,
  1 15 subparagraph (1), Code 2017, is amended to read as follows:
  1 16    (1)  A reserve peace officer credit equal to one hundred
  1 17 fifty dollars to compensate the taxpayer for services as a
  1 18 reserve peace officer if the reserve peace officer served for
  1 19 the entire tax year.
  1 20    Sec. 3.  VOLUNTEER FIRE FIGHTER AND VOLUNTEER EMERGENCY
  1 21 MEDICAL SERVICES PERSONNEL MEMBER TAX CREDIT AND RESERVE
  1 22 PEACE OFFICER TAX CREDIT LEGISLATIVE INTERIM COMMITTEE ==
  1 23 REQUEST.  The legislative council is requested to establish a
  1 24 legislative interim committee on the volunteer fire fighter
  1 25 and volunteer emergency medical services personnel member tax
  1 26 credit and the reserve peace officer tax credit for the 2017
  1 27 legislative interim.  The legislative interim committee shall
  1 28 identify the personal financial costs incurred by Iowans who
  1 29 act as volunteer fire fighters, volunteer emergency medical
  1 30 services personnel members, or reserve peace officers in
  1 31 this state, shall evaluate the efficacy of the tax credits
  1 32 in mitigating those costs and incentivizing Iowans to serve
  1 33 in these positions, and shall further evaluate and consider
  1 34 whether additional or alternative methods of supporting Iowans
  1 35 in these positions is needed.  The interim committee shall
  2  1 submit its findings and recommendations to the general assembly
  2  2 for consideration during the 2018 legislative session.
  2  3    Sec. 4.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of
  2  4 immediate importance, takes effect upon enactment.
  2  5    Sec. 5.  RETROACTIVE APPLICABILITY.  The following provision
  2  6 or provisions of this Act apply retroactively to January 1,
  2  7 2017, for tax years beginning on or after that date:
  2  8    1.  The sections of this Act amending section 422.12.
  2  9                           EXPLANATION
  2 10 The inclusion of this explanation does not constitute agreement with
  2 11 the explanation's substance by the members of the general assembly.
  2 12    This bill relates to the individual income tax credits
  2 13 available to volunteer fire fighters, volunteer emergency
  2 14 medical services personnel members, and reserve peace officers.
  2 15    The bill increases to $150 from $100 the maximum amount per
  2 16 individual of the income tax credits for services performed
  2 17 during the year.  The tax credit increase applies retroactively
  2 18 to tax years beginning on or after January 1, 2017.
  2 19    The bill also requests the legislative council to establish
  2 20 a legislative interim committee on the tax credits for the
  2 21 2017 legislative interim.  The committee shall be tasked with
  2 22 studying financial costs incurred by Iowans who serve as
  2 23 volunteer fire fighters, volunteer emergency medical services
  2 24 personnel members, and reserve peace officers, the efficacy of
  2 25 the tax credits in mitigating those costs and incentivizing
  2 26 Iowans to serve, and whether other methods for supporting
  2 27 Iowans in these positions are needed.  The bill requires the
  2 28 legislative interim committee to submit its findings and
  2 29 recommendations to the general assembly for consideration
  2 30 during the 2018 legislative session.
  2 31    The bill takes effect upon enactment.
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