Text: H.R.3303 — 110th Congress (2007-2008)All Bill Information (Except Text)

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Introduced in House (08/01/2007)


110th CONGRESS
1st Session
H. R. 3303

To amend the Internal Revenue Code of 1986 to provide a tax credit for police officers and professional firefighters, and to exclude from income certain benefits received by public safety volunteers.


IN THE HOUSE OF REPRESENTATIVES
August 1, 2007

Mr. Paul introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to provide a tax credit for police officers and professional firefighters, and to exclude from income certain benefits received by public safety volunteers.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Public Safety Tax Cut Act”.

SEC. 2. Credit for police officers and professional firefighters.

(a) In general.—Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to nonrefundable personal credits) is amended by inserting after section 25D the following new section:

“SEC. 25E. Police officers and professional firefighters.

“(a) Allowance of credit.—In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by this chapter for a taxable year an amount equal to $1,000.

“(b) Eligible individual.—For purposes of subsection (a), the term ‘eligible individual’ means an individual who—

“(1) is a police officer or firefighter in a police department or fire department which is organized and operated by a State or political subdivision to provide police protection, firefighting services, or emergency medical services for any area within the jurisdiction of such State or political subdivision, and

“(2) is employed on a full-time basis during the taxable year as a police officer or firefighter.”.

(b) Clerical amendment.—The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 25D the following new item:


“Sec. 25E. Police officers and professional firefighters.”.

(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2007.

SEC. 3. Exclusion from gross income of certain benefits received by public safety volunteers.

(a) In general.—Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 (relating to items specifically excluded from gross income) is amended by inserting after section 139A the following new section:

“SEC. 139B. Benefits received by public safety volunteers.

“(a) In general.—Gross income does not include the value of any public services benefits received by a public safety volunteer.

“(b) Definitions.—For purposes of this section—

“(1) The term ‘public services benefits’ means services such as water, sewer, trash pickup, or other similar services provided by a State or local government agency as a benefit to its public safety volunteers.

“(2) The term ‘public safety volunteer’ means a volunteer firefighter or volunteer auxiliary police officer.”.

(b) Clerical amendment.—The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139A the following:


“Sec. 139B. Benefits received by public safety volunteers.”.

(c) Effective date.—The amendment made by this section shall apply to amounts received in taxable years beginning after December 31, 2007.