05 LC 18
4642
House
Bill 930
By:
Representatives Tumlin of the
38th
and Maddox of the
172nd
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia
Annotated, relating to the imposition, rate, and computation of income tax, so
as to provide for an income tax credit with respect to certain volunteer
firefighters; to provide for conditions and limitations; to provide for powers,
duties, and authority of the state revenue commissioner with respect to the
foregoing; to provide an effective date; to provide for applicability; to repeal
conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating
to the imposition, rate, and computation of income tax, is amended by adding a
new Code section immediately following Code Section 48-7-29.8, to be designated
Code Section 48-7-29.9, to read as follows:
"48-7-29.9.
(a)
As used in this Code section, the term 'volunteer firefighter' means a person
serving as volunteer firefighter who provides written verification from such
persońs
fire chief of the following:
(1)
That such volunteer firefighter has for the immediately preceding three calendar
years been a member in good standing of a recognized volunteer or combination
fire department certified by the Georgia Fire Standards and Training Council;
and
(2)
That such volunteer firefighter has completed at least one of the levels of
firefighter training leading to state firefighter certification by the Georgia
Fire Standards and Training Council.
(b)
A taxpayer who is a volunteer firefighter shall be allowed a credit against the
tax imposed by this chapter in an amount not to exceed $1,000.00.
(c)
In no event shall the total amount of the tax credit under this Code section for
a taxable year exceed the
taxpayeŕs
income tax liability. Any unused tax credit shall be allowed the taxpayer
against succeeding
yearś
tax liability. No such credit shall be allowed the taxpayer against prior
yearś
tax liability.
(d)
The commissioner shall be authorized to promulgate any rules and regulations
necessary to implement and administer the provisions of this Code
section."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval, and shall be applicable to all taxable years
beginning on or after January 1, 2006.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.