Indiana House Bill 1095 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Income tax deduction for military income. Provides that income received for military service (other than qualified military income) or received as a retirement or a survivor's benefit paid because of an individual's military service is wholly deductible if the amount of the income is less than the specified maximum amount. Increases the maximum amount of the deduction for income received for military service (other than qualified military income) or received as a retirement or a survivor's benefit paid because of an individual's military service. Provides that the increase is phased in over a five year period so that for taxable years beginning after December 31, 2023, the maximum amount of the deduction is equal to 12 times the monthly basic pay received as of July 1, 2018, by a member of the armed forces of the United States who: (1) served at the pay grade of E-7 on July 1, 2018; and (2) had nine years of service as of July 1, 2018. (Current law allows a deduction against the first $5,000 received for military service and a deduction of $6,250 for income received from retirement or survivor benefits.)

Income tax deduction for military income. Provides that income received for military service (other than qualified military income) or received as a retirement or a survivor's benefit paid because of an individual's military service is wholly deductible if the amount of the income is less than the specified maximum amount. Increases the maximum amount of the deduction for income received for military service (other than qualified military income) or received as a retirement or a survivor's benefit paid because of an individual's military service. Provides that the increase is phased in over a five year period so that for taxable years beginning after December 31, 2023, the maximum amount of the deduction is equal to 12 times the monthly basic pay received as of July 1, 2018, by a member of the armed forces of the United States who: (1) served at the pay grade of E-7 on July 1, 2018; and (2) had nine years of service as of July 1, 2018. (Current law allows a deduction against the first $5,000 received for military service and a deduction of $6,250 for income received from retirement or survivor benefits.)

Rep. Shane Lindauer [R]

Rep. Steve Bartels [R]

Rep. John Bartlett [D]

Rep. John Prescott [R]

Date	Chamber	Action
2019-01-03	House	First reading: referred to Committee on Ways and Means
2019-01-03	House	Coauthored by Representatives Bartels, Bartlett and Prescott
2019-01-03	House	Authored by Representative Lindauer

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/house/1095/details
Text	http://iga.in.gov/static-documents/a/e/2/6/ae260502/HB1095.01.INTR.pdf