An Act Concerning A Waiver From Income Tax Liability For Families Of First Responders Killed In The Line Of Duty.
Impact
If enacted, HB 05491 would amend existing tax statutes to create a new provision that directly addresses the financial implications of losing a first responder. By granting a tax waiver for one year, it aims to provide crucial support for families as they navigate the aftermath of their loss. This change may also serve to incentivize further recognition of first responders' contributions and sacrifices in society, fostering community support for these individuals and their families.
Summary
House Bill 05491 seeks to provide financial relief to the families of first responders who have been killed in the line of duty by allowing them to apply for a waiver from personal income tax liability for up to one year. This legislation recognizes the sacrifice made by first responders, acknowledging the unique hardships faced by their families following such tragedies. The aim is to assist these families during a particularly difficult time, alleviating some of their financial burdens.
Contention
While the bill generally garners support due to its compassionate intent, there may be concerns regarding its fiscal implications for state revenue. Opponents might argue that granting tax waivers could lead to decreased funds for state programs, especially if the number of first responders eligible for such waivers is significant. Nevertheless, proponents would likely emphasize the moral obligation to support the families of those who risk their lives for public safety, positioning the bill as a necessary step in honoring their service.