HOUSE BILL No. 1110
DIGEST OF INTRODUCED BILL
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
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)
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HOUSE BILL No. 1110
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-3-2-4; (02)IN1110.1.1. -->
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]
amended by this act, applies only to taxable years that begin after
December 31, 2002.