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

SB 50 creates a personal income tax deduction for stipends paid to volunteer firefighters and volunteer ambulance members by municipalities, fire departments, or ambulance associations. It directly affects these volunteers who receive small stipends for their service, capping the deductible amount at $15,000 annually from any single organization. The bill amends tax law to allow these stipends to be excluded from taxable income, reducing the tax burden for qualifying volunteers. This policy change provides concrete financial relief for individuals who serve in these critical community roles without full-time compensation.