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IN SB0329
Bill
AI Summary
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Expands Indiana's individual income tax exemption for military pay to include members of active component U.S. armed forces, not just National Guard and reserve members
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Current law only exempts military pay for National Guard and reserve members during specific active duty periods (involuntary orders, mobilization/deployment, or federalization)
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Effective date of January 1, 2020, applying to taxable years beginning after December 31, 2019
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Amends IC 6-3-1-34, which defines "qualified military income" for tax exemption purposes
Legislative Description
Income tax exemption for military pay. Exempts military pay earned by members of an active component of the United States armed forces from the individual income tax. (Current law exempts from the individual income tax the military pay earned by members of the National Guard and reserve components of the United States armed forces while serving on active duty.)
Last Action
Senator Bohacek added as coauthor
2/4/2019