HB 1015 IN
Income tax exemption for military pay.
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Summary
Exempts military pay earned by members of an active component of the armed forces of the United States from the individual income tax. Phases in the exemption over four years beginning in taxable year 2024. (Current law exempts from the individual income tax the military pay earned by members of the National Guard and reserve components of the armed forces of the United States while serving on active duty.)
Sponsor (1)
- Randall Frye · author
3 coauthors / cosponsors
- Chris Jeter Republican · coauthor
- Chris Judy Republican · coauthor
- Edward DeLaney Democratic · coauthor
Action history (4)
- Jan 4, 2022 Coauthored by Representative Jeter · lower
- Jan 4, 2022 Authored by Representative Frye R · lower
- Jan 4, 2022 First reading: referred to Committee on Ways and Means · lower
- Jan 10, 2022 Representatives Judy and DeLaney added as coauthors · lower
Subjects
INCOME TAXES, ExemptionsMILITARY FORCES
Text versions (1)
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