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IN HB1364

Bill

Official Source

Status

Introduced

1/11/2012

Primary Sponsor

Mark Messmer

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Exempts military retirement pension income from Indiana adjusted gross income tax for individuals who served in any branch or reserve component of the United States military

  • Effective date of January 1, 2013

  • Removes the existing $5,000 deduction for military retirement benefits, replacing it with a full exemption (the $5,000 deduction remains available only for survivor's benefits)

  • Makes technical corrections to renumber various subsections of the state tax code and remove obsolete provisions referencing taxable years prior to 2005

Legislative Description

Tax exemption for military pension benefits.

Last Action

First reading: referred to Committee on Ways and Means

1/11/2012

Full Bill Text

No bill text available