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IN SB0337

Bill

Official Source

Status

Introduced

1/8/2019

Primary Sponsor

Eddie Melton

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • 100% state income tax deduction for all active military service income, including Army, Navy, Air Force, Coast Guard, Marine Corps, Merchant Marine, and National Guard
  • Military retirement or survivor's benefits deduction increased from $6,250 to $40,000 per year
  • Expands definition of "active military service income" to cover all income from service in active or reserve components (previously limited to certain mobilization periods)
  • Effective date: January 1, 2020
  • Applies to taxable years beginning after December 31, 2019

Legislative Description

Deduction for military income. Provides a 100% state income tax deduction for all active military service income received by an individual. Increase the income tax deduction for military retirement or survivor's benefits from $6,250 to $40,000.

Last Action

First reading: referred to Committee on Appropriations

1/8/2019

Committee Referrals

Appropriations1/8/2019

Full Bill Text

No bill text available