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IN SB0396

Bill

Official Source

Status

Introduced

1/14/2019

Primary Sponsor

Ronnie Alting

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Expands Indiana's individual income tax exemption for military pay to include members of active duty armed forces, not just National Guard and reserve components
  • Current law only exempts military pay for National Guard and reserve members during specific periods of full-time or mobilized service
  • Effective date is January 1, 2019, applied retroactively to taxable years beginning after December 31, 2018
  • Amends IC 6-3-1-34 to redefine "qualified military income" to include active component service members
  • Declares an emergency for the act, with the applicability section expiring July 1, 2022

Legislative Description

Income tax exemption for military pay. Exempts military pay earned by members of an active component of the armed forces of the United States 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 armed forces of the United States while serving on active duty.)

Last Action

First reading: referred to Committee on Tax and Fiscal Policy

1/14/2019

Committee Referrals

Tax and Fiscal Policy1/14/2019

Full Bill Text

No bill text available