This version of the form is not currently in use and is provided for reference only. Download this version of the document for the current year.
Employer Support for Volunteer Firefighters and Volunteer Municipal Emergency Medical Services Persons Credit Worksheet is a legal document that was released by the Maine Revenue Services - a government authority operating within Maine.
Q: What is the Employer Support for Volunteer Firefighters and Volunteer Municipal Emergency Medical Services Persons Credit?
A: The Employer Support for Volunteer Firefighters and Volunteer Municipal Emergency Medical Services Persons Credit is a tax credit in Maine.
Q: Who is eligible for this credit?
A: Employers who employ qualified volunteer firefighters or volunteer municipal emergency medical services persons in Maine are eligible for this credit.
Q: What is the purpose of this credit?
A: The purpose of this credit is to provide financial assistance to employers who support and encourage volunteer firefighters and volunteer municipal emergency medical services persons.
Q: What is the amount of the credit?
A: The credit is equal to 100% of the compensation paid by the employer to the qualified volunteer firefighters or volunteer municipal emergency medical services persons, up to a maximum of $3,000 per year per employee.
Q: How can employers claim this credit?
A: Employers can claim this credit by completing the Employer Support for Volunteer Firefighters and Volunteer Municipal Emergency Medical Services Persons Credit Worksheet and including it with their Maine income tax return.
Q: Is there a limit on the total amount of credits that can be claimed by all employers?
A: Yes, there is a statewide limit of $1,000,000 per year for all employers combined.
Q: Are there any other requirements to qualify for this credit?
A: Yes, employers must meet certain criteria, such as having a signed agreement with the volunteer firefighters or volunteer municipal emergency medical services persons and providing documentation of the compensation paid.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Maine Revenue Services.