Bill Text: IN HB1358 | 2012 | Regular Session | Introduced

---

Bill Title: Taxation of civil service annuities.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2012-01-11 - First reading: referred to Committee on Ways and Means [HB1358 Detail]

Download: Indiana-2012-HB1358-Introduced.html

---

---

Introduced Version

---

---

HOUSE BILL No. 1358

_____

DIGEST OF INTRODUCED BILL

Citations Affected: IC 6-3-2-3.7.

Synopsis: Taxation of civil service annuities. Increases the maximum state income tax deduction for federal civil service annuity income from $2,000 to $5,000. Provides that the deduction is also available to a surviving spouse.

Effective: January 1, 2012 (retroactive).

---

---

Clere, Crouch, Stemler, Koch

---

---

    January 10, 2012, read first time and referred to Committee on Ways and Means.

---

---

---

Introduced

Second Regular Session 117th General Assembly (2012)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2011 Regular Session of the General Assembly.

HOUSE BILL No. 1358

---

    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-3-2-3.7; (12)IN1358.1.1. -->     SECTION 1. IC 6-3-2-3.7 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2012 (RETROACTIVE)]: Sec. 3.7. (a) Each taxable year, an individual or the individual's surviving spouse is entitled to an adjusted gross income tax deduction equal to the remainder of:
        (1) the first two five thousand dollars ($2,000) ($5,000) which is received by the individual or the individual's surviving spouse during the taxable year from a federal civil service annuity, and which is included in adjusted gross income under Section 62 of the Internal Revenue Code; minus
        (2) the total amount of Social Security benefits and railroad retirement benefits received by the individual or the individual's surviving spouse during the taxable year.
     (b) However, The individual is only entitled to the deduction provided by this section if the individual is at least sixty-two (62) years of age before the end of the taxable year. This subsection does not apply to the individual's surviving spouse.

---

SOURCE: ; (12)IN1358.1.2. -->     SECTION 2. An emergency is declared for this act.