Bills › 88th General Assembly
Relating to the individual income tax credits for volunteer fire fighters, volunteer emergency medical services personnel members, and reserve peace officers by increasing the amounts of the credits, and including retroactive applicability provisions
Topics:Public safety & emergenciesTaxesIncome taxesTax credits & incentives
Same legislation: HF 2280
Where it is now
- Done: IntroducedJanuary 15, 2020
- Done: SubcommitteeJanuary 21, 2020
- Done: House committeeFebruary 6, 2020
- Stopped: Passes the HouseDied when the General Assembly ended
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to the individual income tax credits available to volunteer fire fighters, volunteer emergency medical services personnel members, and reserve peace officers. The bill increases to $200 from $100 the maximum amount per individual of the income tax credits for services performed during the year. The tax credit increase applies retroactively to tax years beginning on or after January 1, 2020.
House subcommittee
Named January 21, 2020. On February 5, 2020 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Fiscal note
Less revenue: up to $35,000 Compare with other bills
2 million per fiscal year, beginning with FY 2021. The tax credit increase will also reduce annual revenue raised by local option income surtaxes by approximately $35,000 annually. Source Iowa Department of Revenue /s/ Holly M. Lyons February 11, 2020 Doc ID 1129751 The fiscal note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code.
- Fire Emergency Medical Services Volunteer Tax Credit · February 11, 2020
- Fire, EMS, Reserve Officer Tax Credit Increas · January 24, 2020
Family tree
88th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title.
Similar bills
- HF 144 Relating to the individual income tax credits for volunteer fire fighters, volunteer emerg…89th General Assembly · Renumbered as HF 563Nearly identical
- HF 2609 Relating to the individual income tax credits for volunteer fire fighters, volunteer emerg…88th General Assembly · In committeeNearly identical
Matched by wording or an identical title.