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Committee hears ‘Fighting Chance for Firefighters’ tax-credit bill for cancer screenings
Summary
The House Committee on Taxation heard House Bill 2024, the "Fighting Chance for Firefighters Act," which would let firefighters claim a nonrefundable income-tax credit up to $250 for unreimbursed cancer-screening expenses beginning in tax year 2025.
The House Committee on Taxation heard House Bill 2024, the "Fighting Chance for Firefighters Act," which would allow firefighters to claim a nonrefundable income-tax credit of up to $250 for unreimbursed medical expenses incurred for cancer screening beginning in tax year 2025.
The reviser summarized the bill as written: the credit is nonrefundable, may be carried over up to five taxable years, and the total credit allowed for tax year 2025 would be capped at $1.5 million. The bill provides a mechanism for the secretary of revenue to apply a percentage adjustment in future years if claims exceed the annual cap.
Kathleen Smith of the Kansas Department of Revenue told the committee the department assumed the…
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