Kentucky HB225 proposes a tax credit for volunteer firefighters to incentivize participation.
Kentucky HB225 introduces a tax credit for volunteer firefighters to encourage more individuals to volunteer with qualified fire departments. For taxable years between 2027 and 2030, a refundable credit of $1,000 will be allowed for each volunteer firefighter. The Department of Revenue must report annually to the Legislative Research Commission on the number of taxpayers claiming the credit, the total credits claimed, and other relevant statistics. The bill also outlines confidentiality provisions for tax information and specifies exceptions for authorized disclosures.
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