IN SB0286 | 2015 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 12-6)
Status: Introduced on January 8 2015 - 25% progression, died in committee
Action: 2015-02-10 - Senator Head added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Taxation of civil service annuities. Provides that the maximum state income tax deduction for federal civil service annuity income is equal to the lesser of: (1) the amount of federal civil service annuity income received during the taxable year; or (2) the average annual federal Social Security retirement benefit paid to Indiana retired workers during the calendar year preceding the taxpayer's taxable year. Retains the provision that reduces the deduction by the amount of any federal Social Security and railroad retirement benefits received by the taxpayer during the taxable year. Provides that the deduction is also available to a surviving

Tracking Information

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Title

Taxation of civil service annuities. Provides that the maximum state income tax deduction for federal civil service annuity income is equal to the lesser of: (1) the amount of federal civil service annuity income received during the taxable year; or (2) the average annual federal Social Security retirement benefit paid to Indiana retired workers during the calendar year preceding the taxpayer's taxable year. Retains the provision that reduces the deduction by the amount of any federal Social Security and railroad retirement benefits received by the taxpayer during the taxable year. Provides that the deduction is also available to a surviving

Sponsors


History

DateChamberAction
2015-02-10SenateSenator Head added as coauthor
2015-02-03SenateSenator Bassler added as coauthor
2015-02-02SenateSenator Holdman added as coauthor
2015-01-29SenateSenator Lanane added as coauthor
2015-01-26SenateSenator Breaux added as coauthor
2015-01-26SenateSenator Niemeyer added as coauthor
2015-01-22SenateSenator Messmer added as coauthor
2015-01-20SenateSenator Mrvan added as coauthor
2015-01-20SenateSenators Stoops, Steele, Alting, Kruse, Randolph, Rogers added as coauthors
2015-01-20SenateSenator Houchin added as coauthor
2015-01-08SenateSenator Grooms added as third author
2015-01-08SenateFirst Reading: referred to Committee on Tax & Fiscal Policy
2015-01-08SenateAuthored by Senators Tomes and Becker

Indiana State Sources


Bill Comments

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