Oklahoma
State Senate
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State Capitol
Oklahoma City, Oklahoma 73105
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For Immediate Release: March 22, 2006
Senator Jim Wilson
Senate Committee Approves Tax Break for
Volunteer/Reserve Public Safety Officials
The
Senate Finance Committee passed a measure Tuesday that
will provide an income tax deduction for volunteer fire
fighters, reserve police officers and reserve sheriff's
deputies. House Bill 2073 is principally authored by
Senator Jim
Wilson (D-Tahlequah) and Representative Glen Smithson
(D-Sallisaw).
"This is a great bill because it gives an incentive
for people to get involved in their communities,"
said Wilson. "These people give their time and
sometimes even risk their lives to protect their communities.
I think that it is only right that we allow them this
deduction, however small, as a token of our gratitude
for their service. I hope this measure will help with
recruitment and retention of these much-needed volunteers."
HB 2073 provides for a $500 income tax deduction for
taxable years beginning after December 31, 2006. If
approved by both houses and the Governor, the bill will
go into effect January 1, 2007.
"A community benefits tremendously from having
volunteer fire fighters as well as reserve police officers
and sheriff's deputies. They not only save the community
money and help keep insurance costs down, but they also
help keep crime down," Wilson said.
The measure will next be considered by the full Senate.
For
more information contact:
Senator Wilson's Office - (405) 521-5574