Loading chat...
IN HB1083
Bill
Status
1/3/2019
Primary Sponsor
Karlee Macer
Click for details
AI Summary
-
Increases the tax deduction for military retirement and survivor's benefits from $6,250 to 100% of the income received, effectively eliminating state and local income tax on these benefits
-
Maintains the existing $5,000 deduction for active duty or reserve military service income separate from retirement benefits
-
Applies to retirement benefits from all U.S. armed forces branches, including army, navy, air force, coast guard, marine corps, merchant marine, and Indiana national guard
-
Takes effect January 1, 2020, applying to taxable years beginning after December 31, 2019
-
Sponsored by Representative Macer and referred to the House Committee on Ways and Means on January 3, 2019
Legislative Description
Tax exemption for military retirement benefits. Exempts all military retirement benefits from state and local income taxation.
Last Action
First reading: referred to Committee on Ways and Means
1/3/2019