Bill > HB151

This bill creates a new tax credit for active volunteer firefighters in Kentucky, offering a refundable $1,000 income tax credit for eligible volunteer firefighters from 2026 to 2030. To qualify, a firefighter must volunteer for an entire taxable year with a qualified fire department and be certified by the Kentucky Fire Commission. The bill aims to increase the number of active volunteer firefighters by providing this financial incentive. The legislation requires annual reporting to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue, including details such as the number of taxpayers claiming the credit, total credit amount, county-level distribution, and credit distribution across income ranges. The bill also modifies existing tax credit ordering rules to incorporate this new volunteer firefighter credit and allows for the sharing of certain tax return information with legislative committees for reporting purposes. By providing this tax credit, the state hopes to support and encourage volunteer firefighting in Kentucky, particularly in areas that rely on volunteer fire departments.

Budget and Finance

https://apps.legislature.ky.gov/record/25RS/hb151.html