IN SB0324 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 9 2012 - 25% progression, died in committee
Action: 2012-01-30 - Senator Steele added as second author
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2012 - 25% progression, died in committee
Action: 2012-01-30 - Senator Steele added as second author
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Increases the income tax deduction for federal civil service annuity income received by an individual or the individual's surviving spouse from $2,000 to the first $25,000 of federal civil service annuity income for an individual and the first $32,000 for a husband and wife who both receive income from a federal civil service annuity. Caps the income tax deduction for Social Security and railroad retirement benefits at these amounts. (The current deduction is 100% of these benefits.) Makes technical corrections.
Title
Income tax deductions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-30 | Senator Steele added as second author | |
| 2012-01-09 | First reading: referred to Committee on Tax and Fiscal Policy | |
| 2012-01-09 | Authored by Senator Landske |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=SB&docno=0324 |
| Text | http://www.in.gov/legislative/bills/2012/IN/IN0324.1.html |
