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.
Short title
This Act may be cited as the Volunteer Responder Incentive Protection Act of 2015
.
Benefits provided to volunteer firefighters and emergency medical responders
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
.
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—
after December 31, 2010, and before January 1, 2015, or
after December 31, 2017.
.
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2014.