Volunteer Responder Incentive Protection Act of 2015

Bill: 114-s-609
Sponsor: full_name: Sen. Schumer, Charles E. [D-NY]
Introduced: 2015-02-27
Policy area: Taxation
Subjects: Emergency medical services and trauma care

Employee benefits and pensions

Fires

First responders and emergency personnel

Health personnel

Income tax exclusion

Social work, volunteer service, charitable organizations

State and local government operations
Latest action: action_date: 2015-02-27
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-02-27
action_desc: Introduced in Senate
text: <p><strong>Volunteer Responder Incentive Protection Act of 2015 </strong></p> <p>Amends Internal Revenue Code, with respect to the tax exclusion for benefits paid to volunteer firefighters and emergency medical providers by states and local governments, to: (1) increase the amount of benefits excludible; and (2) make such tax exclusion available for taxable years beginning in 2015, 2016, or 2017. </p>

tv_txt: II 114th CONGRESS 1st Session S. 609 IN THE SENATE OF THE UNITED STATES February 27, 2015 Mr. Schumer (for himself and Ms. Collins ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend and increase the exclusion for benefits provided to volunteer firefighters and emergency medical responders.

1. Short title This Act may be cited as the Volunteer Responder Incentive Protection Act of 2015 . 2. Benefits provided to volunteer firefighters and emergency medical responders (a) Increase in dollar limitation on qualified payments Subparagraph (B) of section 139B(c)(2) of the Internal Revenue Code of 1986 is amended by striking $30 and inserting $50 . (b) Extension Subsection (d) of section 139B of the Internal Revenue Code of 1986 is amended by striking beginning after December 31, 2010. and inserting “beginning— (1) after December 31, 2010, and before January 1, 2015, or (2) after December 31, 2017. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2014.