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IN HB1132
Bill
Status
Introduced
1/7/2019
Primary Sponsor
Christopher Judy
Click for details
AI Summary
- Expands the Indiana state income tax deduction for active and reserve military service income from $5,000 to 100% of all such income
- Expands the deduction for military retirement and survivor's benefits from $6,250 to 100% of all such income
- Covers service in the army, navy, air force, coast guard, marine corps, merchant marine, Indiana army national guard, and Indiana air national guard
- Effective date of January 1, 2020, applying to taxable years beginning after December 31, 2019
- Surviving spouses remain eligible for the deductions
Legislative Description
Military income tax exemption. Provides a 100% state income tax deduction for all income for service in an active or reserve component of the armed forces of the United States and for all income from retirement or survivor's benefits.
Last Action
Representative Klinker added as coauthor
1/29/2019
Committee Referrals
Ways and Means1/7/2019
Full Bill Text
No bill text available