Bill Text: IN HB1525 | 2011 | Regular Session | Introduced
Bill Title: Volunteer firefighter tax deduction.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-01-20 - First reading: referred to Committee on Ways and Means [HB1525 Detail]
Download: Indiana-2011-HB1525-Introduced.html
Introduced Version
HOUSE BILL No. 1525
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DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-3-2-21.
Synopsis: Volunteer firefighter tax deduction. Provides an individual
income tax deduction of up to $2,000 for income received by an
individual for service as a volunteer firefighter or a police reserve
officer.
Effective: January 1, 2012.
Battles
January 20, 2011, read first time and referred to Committee on Ways and Means.
Introduced
First Regular Session 117th General Assembly (2011)
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
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Conflict reconciliation: Text in a statute in this style type or
HOUSE BILL No. 1525
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 6-3-2-21; (11)IN1525.1.1. -->
SECTION 1. IC 6-3-2-21 IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2012]: Sec. 21. (a) This section applies to a taxable
year that begins after December 31, 2011.
(b) Each taxable year, an individual is entitled to an adjusted gross income tax deduction for the first two thousand dollars ($2,000) of income received during the taxable year by the individual for the individual's service as:
(1) a volunteer firefighter (as defined in IC 36-8-12-2); or
(2) a police reserve officer under IC 36-8-3-20.
(b) Each taxable year, an individual is entitled to an adjusted gross income tax deduction for the first two thousand dollars ($2,000) of income received during the taxable year by the individual for the individual's service as:
(1) a volunteer firefighter (as defined in IC 36-8-12-2); or
(2) a police reserve officer under IC 36-8-3-20.