AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR STIPENDS PAID TO CERTAIN VOLUNTEER FIREFIGHTERS OR VOLUNTEER AMBULANCE MEMBERS.

SB 110 establishes a personal income tax deduction for volunteer firefighters and ambulance members who receive stipends from their municipality, fire department, or ambulance association. The deduction applies only to stipends totaling $15,000 or less per year for their volunteer service. This policy directly affects eligible volunteers by reducing their taxable income for those stipends, without changing their overall tax bracket. The bill amends Section 12-701 of the general statutes to create this specific tax benefit.