Connecticut Senate Bill SB00710

Connecticut 2023 Regular Session

• Introduced: 1/18/23
• Refer: 1/18/23

Caption

An Act Establishing A Personal Income Tax Deduction For Stipends Paid To Certain Volunteer Firefighters Or Volunteer Ambulance Members.

Impact

If enacted, SB00710 would have a notable impact on the financial well-being of volunteer firefighters and ambulance members who serve their communities without the expectation of substantial financial gain. The ability to deduct stipends from their taxable income could alleviate some financial burden for individuals who dedicate significant time and effort to these critical roles. This amendment would align with efforts to recognize and support local volunteer emergency services, which are essential to community safety and health.

Summary

SB00710 is a proposed bill aimed at establishing a personal income tax deduction for stipends paid to certain volunteer firefighters and volunteer ambulance members. The bill proposes to amend section 12-701 of the general statutes to allow these volunteers to deduct stipends received from municipalities, volunteer fire departments, or volunteer ambulance associations, provided their total earnings do not exceed fifteen thousand dollars from such entities for other duties performed. The primary purpose of this legislation is to provide a financial incentive and acknowledgment for the services rendered by volunteer emergency responders in Connecticut.

Contention

Debate surrounding SB00710 may center on the implications of providing tax benefits to volunteer responders. Proponents of the bill may argue that it effectively acknowledges the contributions of these volunteers and supports their invaluable service to communities. However, opponents may raise concerns about the potential fiscal impact on state revenues and whether such deductions prioritize certain public services over others. The discussions surrounding the bill could further explore the balance between providing financial incentives to volunteers and the need for sustainable funding for emergency services overall.