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IN SB0257
Bill
Status
1/7/2015
Primary Sponsor
Michael Delph
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AI Summary
Senate Bill No. 257 Summary
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Expands the "qualified military income" tax exemption to include Indiana residents who are members of active components of the U.S. Armed Forces serving on active duty outside Indiana.
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Maintains existing exemptions for National Guard members and reserve component members on involuntary active duty orders, mobilization and deployment, or when federalized.
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Amends Indiana Code 6-3-1-34 to define qualified military income to include active duty service pay for members of active military components, not just reserve and National Guard members.
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Becomes effective January 1, 2016, applying to taxable years beginning after December 31, 2015.
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The amendment provision expires July 1, 2019.
Legislative Description
Taxation of active duty military pay. Exempts from the individual income tax any wages that are paid to an individual who is: (1) an Indiana resident; and (2) a member of an active component of the armed forces; for the individual's active duty service outside Indiana. (Current law exempts wages earned by members of the National Guard and reserve components of the United States armed forces while serving on active duty.)
Last Action
First Reading: referred to Committee on Tax & Fiscal Policy
1/7/2015