Introduced Version




Citations Affected: IC 6-3-2-4 .

Synopsis: Income tax deduction for military income. Increases an individual's or the individual's surviving spouse's adjusted gross income tax deduction from the first $2,000 to the first $6,000 of income received for active or reserve military service. (The introduced version of this bill was prepared by the commission on military and veterans affairs.)

Effective: January 1, 2003.

Leuck, GiaQuinta, Buell, McClain

    January 8, 2002, read first time and referred to Committee on Ways and Means.


Second Regular Session 112th General Assembly (2002)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-3-2-4; (02)IN1110.1.1. -->     SECTION 1. IC 6-3-2-4 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2003]: Sec. 4. Each taxable year, an individual or the individual's surviving spouse is entitled to an adjusted gross income tax deduction for the first two six thousand dollars ($2,000) ($6,000) of income, including retirement or survivor's benefits, received during the taxable year by the individual or the individual's surviving spouse for the individual's service in an active or reserve component of the armed forces of the United States, including the army, navy, air force, coast guard, marine corps, merchant marine, Indiana army national guard, or Indiana air national guard. However, a person who is less than sixty (60) years of age on the last day of the person's taxable year is not, for that taxable year, entitled to a deduction under this section for retirement or survivor's benefits.
SOURCE: ; (02)IN1110.1.2. -->     SECTION 2. [EFFECTIVE JANUARY 1, 2003] IC 6-3-2-4 , as amended by this act, applies only to taxable years that begin after December 31, 2002.