Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act)
What changed between versions
The legislative title and purpose were updated to reflect a shift from a 'subtraction modification' to a 'credit' for 9-1-1 specialists.
A new provision allows retired 9-1-1 specialists to claim a tax credit against state income tax, provided they submit an approved certificate.
The credit is calculated at 4.75% of the first $15,000 of retirement income, capped at a maximum of $700 per individual.
A total spending cap of $250,000 per year was established for all tax credit certificates combined, with pro-rata distribution if the limit is reached.
A new administrative process was added requiring the Department of Emergency Management to approve applications and issue tax credit certificates.
The definition of 'public safety employee' was replaced with a specific definition for '9-1-1 specialist,' limiting the benefit to dispatch personnel rather than all public safety workers.
