AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR STIPENDS PAID TO CERTAIN VOLUNTEER EMERGENCY PERSONNEL.

HB 5034 creates a personal income tax deduction of up to $2,000 for volunteer firefighters, fire police officers, and ambulance members who receive stipends from their local municipality, fire department, or ambulance association. This deduction directly affects volunteer emergency personnel who earn these stipends as part of their service. The bill amends tax code to allow these individuals to subtract the stipend amount (capped at $2,000 annually) from their taxable income. The policy provides a concrete tax benefit for qualifying volunteers without changing broader tax rates or requirements.