Citations Affected: IC 6-3-2-20.
Synopsis: Volunteer firefighter income tax deduction. Provides an
adjusted gross income tax deduction of $2,000 to active volunteer
Effective: January 1, 2004 (retroactive).
December 2, 2003, read first time and referred to Committee on Finance.
A BILL FOR AN ACT to amend the Indiana Code concerning
SECTION 1. IC 6-3-2-20 IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2004 (RETROACTIVE)]: Sec. 20. Each taxable year,
an individual who is an active volunteer firefighter (as defined in
IC 36-8-12-2) in Indiana for at least six (6) months during the
taxable year is entitled to a deduction of two thousand dollars
($2,000) from the individual's adjusted gross income for the
SECTION 2. [EFFECTIVE JANUARY 1, 2004 (RETROACTIVE)] IC 6-3-2-20, as added by this act, applies to taxable years beginning after December 31, 2003.
SECTION 3. An emergency is declared for this act.