House File 358 - Introduced HOUSE FILE 358 BY JACOBY A BILL FOR An Act relating to the individual income tax credits for 1 volunteer fire fighters, volunteer emergency medical 2 services personnel members, and reserve peace officers 3 by increasing the amounts of the credits, and including 4 retroactive applicability provisions. 5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 6 TLSB 1916YH (1) 91 jm/jh
H.F. 358 Section 1. Section 422.12, subsection 2, paragraph c, 1 subparagraph (1), Code 2025, is amended to read as follows: 2 (1) A volunteer fire fighter and volunteer emergency 3 medical services personnel member credit equal to two hundred 4 fifty one thousand dollars to compensate the taxpayer for the 5 voluntary services if the volunteer served for the entire 6 tax year. A taxpayer who is a paid employee of an emergency 7 medical services program or a fire department and who is also 8 a volunteer emergency medical services personnel member or 9 volunteer fire fighter in a city, county, or area governed 10 by an agreement pursuant to chapter 28E where the emergency 11 medical services program or fire department performs services, 12 shall qualify for the credit provided under this paragraph c . 13 Sec. 2. Section 422.12, subsection 2, paragraph d, 14 subparagraph (1), Code 2025, is amended to read as follows: 15 (1) A reserve peace officer credit equal to two hundred 16 fifty one thousand dollars to compensate the taxpayer for 17 services as a reserve peace officer if the reserve peace 18 officer served for the entire tax year. 19 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies 20 retroactively to January 1, 2025, for tax years beginning on 21 or after that date. 22 EXPLANATION 23 The inclusion of this explanation does not constitute agreement with 24 the explanations substance by the members of the general assembly. 25 This bill relates to the individual income tax credits 26 available to volunteer fire fighters, volunteer emergency 27 medical services personnel members, and reserve peace officers. 28 For services performed by such individuals, the bill 29 increases the maximum amount of the individual income tax 30 credit available against the state individual income tax from 31 $250 to $1,000 per tax year. The tax credit increase applies 32 retroactively to tax years beginning on or after January 1, 33 2025. 34 -1- LSB 1916YH (1) 91 jm/jh 1/ 1