Bill
S 4904
Bill S 4904 offers a tax credit to attorneys providing legal services to veterans and disabled veterans, boosting access to legal help for this underserved group.
Bill Number: S 4904
Title: Establishes a legal services veterans tax credit for attorneys who perform certain services for veterans and disabled veterans
Status: Referred to Budget and Revenue
Introduced: February 14, 2025
Classification: Bill
The primary purpose of Bill S 4904 is to create a tax credit for attorneys who provide legal services specifically to veterans and disabled veterans. This initiative aims to encourage legal professionals to offer their expertise to those who have served in the military, thereby improving access to legal assistance for this population.
Tax Credit Establishment: The bill proposes a tax credit for attorneys who perform qualifying legal services for veterans and disabled veterans. The specifics of the credit, including the amount and eligibility criteria, will be defined in subsequent legislative details.
Qualifying Services: While the bill does not detail the exact services that qualify for the tax credit, it is expected that these will include legal representation in matters such as benefits claims, housing disputes, and other legal issues pertinent to veterans.
Application Process: The bill will outline a process for attorneys to apply for the tax credit, ensuring that those who provide the necessary services can benefit from the financial incentive.
Beneficiaries: The bill is designed to benefit veterans and disabled veterans by increasing their access to legal services. By incentivizing attorneys to take on cases for this demographic, the bill aims to address potential gaps in legal representation.
Legal Community: Attorneys who engage in providing legal services to veterans will have a financial incentive to do so, potentially leading to an increase in the number of legal professionals willing to assist veterans.
State Revenue: The implementation of this tax credit may have implications for state revenue, as it will reduce tax income from participating attorneys. The overall fiscal impact will need to be assessed as the bill progresses through the legislative process.
Legislative Action: As of February 14, 2025, the bill has been referred to the Budget and Revenue committee for further consideration. This step is crucial for evaluating the financial implications of the proposed tax credit.
Related Legislation: Bill S 4904 is related to prior-session bills S 7826, S 3981, and S 3593, which may provide context or precedent for the current proposal.
Bill S 4904 represents an effort to enhance legal support for veterans and disabled veterans through a tax incentive for attorneys. As the bill moves through the legislative process, further details regarding the tax credit's structure and implementation will be crucial for understanding its full impact on the legal community and the veteran population.
Compiled from official sources — confirm details with the bill’s official record.
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