109 HR 5355 IH: To amend the Internal Revenue Code of 1986 to allow a
U.S. House of Representatives
2006-05-11
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Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.This Act may be cited as the
Volunteer Firefighter Recruitment and Retention Act of
2006
.
2.Credit for
volunteer firefighters
(a)Subpart A of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to nonrefundable personal credits) is
amended by inserting after section 25D the following new section:
25E.Credit for
volunteer firefighters
(a)In the case of a volunteer firefighter, there shall be
allowed as a credit against the tax imposed by this chapter the credit amount
determined under subsection (b).
(b)With respect to a taxable year, the credit amount
determined under this subsection is—
(1)in the case of a
volunteer firefighter who has completed 3 or more years of service as a
volunteer firefighter during the taxable year, $1,000, and
(2)in the case of a
volunteer firefighter who has completed 8 or more years of service as a
volunteer firefighter during the taxable year, $1,500.
(c)For purposes of
this section, the term volunteer firefighter means an individual
who is a member in good standing of a qualified volunteer fire department (as
defined in section
150(e)).
.
(b)The table of sections for subpart A of part IV of
subchapter A of chapter 1 of such Code is amended by inserting after the item
relating to section 25D the following new item:
Sec. 25E. Credit for volunteer
firefighters.
.
(c)The amendments made by this section shall apply to taxable
years beginning after December 31, 2006.