Legislative Costing Note
Volunteer Firefighters and Search and Rescue Volunteers Tax Credit Enhancement
Feb 28, 2022
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The proposed measure increases the tax credit for volunteer firefighters and search and rescue volunteers to $10,000 from $3,000 for individuals that have completed 200 hours of volunteer service in a calendar year. The measure applies to the 2022 and subsequent taxation years.
The PBO estimates that the proposed measure will generate a 5-year cost of $171 million.