SF 2254

as introduced - 91st Legislature (2019 - 2020) Posted on 03/11/2019 04:02pm

A bill for an act
relating to taxation; income; establishing a tax credit for volunteer firefighters and
EMTs; proposing coding for new law in Minnesota Statutes, chapter 290.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [290.0687] CREDIT FOR VOLUNTEER FIREFIGHTERS, EMTS, AND
AMBULANCE SERVICE PERSONS.
new text end

new text begin Subdivision 1. new text end

new text begin Definition. new text end

new text begin (a) For the purposes of this section, the following term has
the meaning given.
new text end

new text begin (b) "Eligible individual" means an individual who in the taxable year:
new text end

new text begin (1) earned at least six months of service credit under section 424A.003;
new text end

new text begin (2) earned good time service credit for at least 50 percent of a full year under section
353G.07; or
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new text begin (3) was credited with a year of service as a qualified ambulance service person under
section 144E.45.
new text end

new text begin Subd. 2. new text end

new text begin Credit allowed. new text end

new text begin (a) A taxpayer who is an eligible individual is allowed a credit
against the tax imposed by this chapter. For married couples filing a joint return, the credit
equals $1,000 if both spouses are eligible individuals and $500 if only one spouse is an
eligible individual. For all other taxpayers who are eligible individuals, the credit equals
$500.
new text end

new text begin (b) A taxpayer may file a return claiming the tax credit allowed under this section prior
to receiving certification of the taxpayer's service credit or good time service credit, but
must file an amended return if the service credit or good time service credit earned by the
taxpayer was insufficient to claim the tax credit.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2018.
new text end