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HR 5693 IH

To amend the Internal Revenue Code of 1986 to allow a credit against tax for volunteer firefighters.

April 3, 2008

Mr. BOOZMAN introduced the following bill; which was referred to the Committee on Ways and Means

To amend the Internal Revenue Code of 1986 to allow a credit against tax for volunteer firefighters.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Volunteer Firefighter Recruitment and Retention Act of 2008'.

SEC. 2. CREDIT FOR VOLUNTEER FIREFIGHTERS.

(a) In General- 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:

`SEC. 25E. CREDIT FOR VOLUNTEER FIREFIGHTERS.

`(a) Allowance of Credit- 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) Credit Amount- 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) Volunteer Firefighter- For purposes of this section, the term `volunteer firefighter' means an individual who is a member in good standing of a qualified volunteer emergency response organization (as defined in section 139B).'.

(b) Conforming Amendment- 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) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2007.