(a) In computing net income for the purposes of the Income Tax Act of 1929, ยง 26-51-101 et seq., there is allowed as a deduction in addition to all other deductions allowed by law for the:
(1) Amount paid by a volunteer firefighter and not reimbursed by the fire department or firefighting unit that the volunteer firefighter serves to purchase firefighting equipment required by the fire department or firefighting unit; and
(2) Loss of value of personal property of a volunteer firefighter that is damaged or destroyed in the course of his or her participation in fire suppression, rescue, pump operation, or other firefighting activity as a volunteer firefighter.
(b) The deduction allowed under subsection (a) of this section shall not exceed one thousand dollars ($1,000).
(c) As used in this section, "volunteer firefighter" means a member of a fire department or firefighting unit who:
(1) Actively engages in fire suppression, rescue, pump operation, or other firefighting activity; and
(2) Receives less than five thousand dollars ($5,000) in total compensation during the taxable year from the volunteer fire department or firefighting unit that the volunteer firefighter serves.
(d) The Director of the Department of Finance and Administration may promulgate rules to implement this section.
Section: Previous 26-51-437 26-51-439 26-51-440 26-51-442 26-51-443 26-51-444 26-51-445 26-51-446 26-51-447 26-51-448 26-51-450 26-51-453 26-51-457 26-51-458Last modified: November 15, 2016