Oklahoma
State Senate
Communications
Division
State Capitol
Oklahoma City, Oklahoma 73105
For Immediate Release: March 22, 2006
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
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