Consolidated Appropriations Act – Volunteer Responder Incentive Protection Act (VRIPA)
Consolidated Appropriations Act – Volunteer Responder Incentive Protection Act (VRIPA)
Tax Cuts and Jobs Act
This major tax reform legislation includes changes to Length of Service Award Programs (LOSAPs). Specifically, it increased the cap on allowable annual contributions into LOSAPs from $3,000 to $6,000 and established a mechanism for the cap to be raised over time with inflation.