House Bill 1235 Summary

• Provides an adjusted gross income tax deduction for individuals who serve as volunteer firefighters, police reserve officers, or members of the Indiana guard reserve.

• Deduction amount equals the lesser of: (1) actual income received for such service during the taxable year, or (2) $2,000.

• Applies only to taxable years beginning after December 31, 2013, with an effective date of July 1, 2013.

• Amends Indiana Code section IC 6-3-2-21 by adding a new provision.