TAX CREDIT-VOLUNTR FIREFIGHTER
If passed, HB3828 would amend the Illinois Income Tax Act to include this tax credit, which could positively affect volunteer firefighters by alleviating some of their financial burdens. By formalizing this benefit into state law, the bill aims to both reward those who serve their communities voluntarily and potentially attract more individuals to participate in local fire departments. The bill exempts the tax credit from sunset provisions, ensuring it remains a constant benefit for eligible taxpayers indefinitely.
House Bill 3828 proposes a new tax credit within the Illinois Income Tax Act aimed specifically at individuals who volunteer as firefighters. The bill stipulates that taxpayers who have been members in good standing of a volunteer fire department for at least six months during the taxable year would be eligible for a tax credit of $1,000. This legislation seeks to provide financial benefits to those who contribute their time and effort to local fire departments without receiving monetary compensation, thereby recognizing and encouraging volunteerism in essential public safety roles.
Although the bill generally aims to promote volunteering among firefighters, there may be discussions regarding its fiscal impacts on state revenue. Critics may argue that providing tax credits, particularly ones that cannot reduce tax liabilities below zero or be carried forward or back, could lead to challenges in budgeting and funding for other essential state services. Moreover, defining eligibility criteria, such as what constitutes a 'good standing' member of a volunteer department, could be contentious and require further clarification to ensure fairness and equity among potential recipients.