Plain English Breakdown
The bill summary does not provide specific details on the implementation timeline or the number of firefighters who will benefit.
Volunteer Firefighter Tax Credit
This bill creates a $200 tax credit for volunteer firefighters in Indiana, reducing their annual income tax.
What This Bill Does
- Creates a $200 tax credit for volunteer firefighters against their adjusted gross income tax liability each taxable year.
Who It Names or Affects
- Volunteer firefighters in Indiana
Terms To Know
- tax credit
- A reduction in the amount of taxes someone has to pay.
Limits and Unknowns
- The bill does not specify how many volunteer firefighters will benefit from this tax credit.
- It is unclear when the tax credit will start being given out.