Identical to H 25, filed 1/26/23.
Enacts new GS 105-153.11 to give eligible firefighters and rescue squad workers an income tax credit equal to the amount of business expenses related to the taxpayer's rescue work (defined as firefighting and rescue or emergency medical service) which the taxpayer is not reimbursed by the department or squad. Caps the credit at the lesser of $500 or the amount of the imposed tax reduced by the allowable credits, except payments made by or on behalf of the taxpayer. Effective for taxable years beginning on or after January 1, 2023.
VOLUNTEER RESCUE WORKER TAX CREDIT.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO ALLOW AN INCOME TAX CREDIT TO CERTAIN VOLUNTEER WORKERS FOR UNREIMBURSED BUSINESS EXPENSES.Intro. by Britt, Perry, Johnson.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Mar 14 2023)
Bill History:
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Mon, 13 Mar 2023 Senate: Filed
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Tue, 14 Mar 2023 Senate: Passed 1st Reading
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Tue, 14 Mar 2023 Senate: Ref To Com On Rules and Operations of the Senate
S 304
Bill Summaries:
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Bill S 304 (2023-2024)Summary date: Mar 13 2023 - View Summary
View: All Summaries for Bill