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.
|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 Kidwell, Moss, Setzer, Hardister.
Status: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Jan 30 2023)
Thu, 26 Jan 2023 House: Filed
Mon, 30 Jan 2023 House: Passed 1st Reading
Bill H 25 (2023-2024)Summary date: Jan 26 2023 - View Summary
Identical to S 304, filed 3/13/23.