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Senate Committee Passes Volunteer Responder Incentive Protection Act

On September 21 the Senate Finance Committee approved legislation exempting nominal benefits that volunteer emergency responders receive as a reward for their service from being subject to federal income tax, withholding, and reporting. Language from the Volunteer Responder Incentive Protection Act (VRIPA), which excludes property tax benefits and up to $600 of other types of benefits for the 2017 tax year, was added to the Retirement Enhancement and Savings Act, which the Committee approved by a voice vote. The amendment was sought by Senators Charles Schumer (D-NY) and Susan Collins (R-ME), the Senate sponsors of VRIPA (S. 609/H.R. 2752).

“On behalf of the National Volunteer Fire Council (NVFC) I’d like to thank Senators Schumer and Collins for their work on this important legislation, which will help local emergency response agencies recruit and retain volunteer personnel,” said NVFC Chair Kevin D. Quinn. “On average a volunteer firefighter in the United States donates services worth more than $18,000 to the community that he or she serves. It is common sense to clarify that the nominal incentives that volunteers receive as a reward for their service should not be taxed by the federal government.”

Read full article here: http://www.nvfc.org/senate-committee-passes-volunteer-responder-incentiv...