INC TAX-VOLUNTEER WORK CREDIT
If enacted, this bill would have a direct impact on volunteer emergency workers, providing them with financial relief through tax credits. By extending this incentive, the legislation aims to bolster the availability of volunteers, potentially improving the operational capacity of emergency services across the state. This could enhance community responses to emergencies and further encourage individuals to engage in volunteer work, thereby strengthening community ties.
SB2253 amends the Illinois Income Tax Act to provide financial support for volunteer emergency workers. The bill establishes a tax credit of $500 for individuals who serve as volunteer emergency workers for at least nine months of the taxable year and who do not earn more than $10,000 in compensation for their services. This legislation aims to encourage volunteerism within emergency services and recognizes the critical role that these individuals play in their communities. The definitions and requirements for volunteer emergency workers are clearly outlined, ensuring that only qualified individuals benefit from this credit.
There are potential points of contention regarding the implementation of the tax credit, particularly concerning the requirement that volunteer emergency workers must not receive more than $10,000 in compensation. Some may argue that this limit could deter individuals who wish to take on significant roles within emergency services for fear of exceeding the compensation threshold. Additionally, the bill's reliance on the Office of the State Fire Marshal to verify eligibility raises questions about the administrative burden and the accuracy of reporting volunteer status, which could lead to further scrutiny from both public and legislative entities.