AN ACT relating to a tax credit for volunteer firefighters.

Create a new section of KRS Chapter 141 to establish a refundable income tax credit for certain volunteer firefighters; declare the purpose of the credit; require annual reporting to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue to evaluate the impact of the credit; amend KRS 141.0205 to provide the ordering of the credit; amend KRS 131.190 to allow confidential tax return information to be shared with the Legislative Research Commission and Interim Joint Committee on Appropriations and Revenue.

Introduced: January 8, 2025

Last action: February 4, 2025

To Appropriations & Revenue (H)

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This bill would create a new refundable income tax credit for certain volunteer firefighters in Kentucky, meaning eligible volunteers could reduce what they owe in state taxes or receive a refund if the credit exceeds their tax liability. The bill also requires yearly reports to state legislative committees to track how the credit is being used, and it allows some confidential tax information to be shared with those committees for that purpose. Who it may affect: volunteer firefighters and the communities they serve across Kentucky.

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