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Introduced House Bill (H)

DIGEST

Income tax deductions. Provides an income tax deduction for all retirement or survivor's benefits that are received by a resident individual taxpayer for service in an active or reserve component of the armed forces of the United States, including the army, navy, air force, coast guard, marine corps, merchant marine, Indiana army national guard, or Indiana air national guard. Provides that a resident individual taxpayer who was employed in Indiana for at least 20 years and has resided in Indiana for at least 20 years is entitled to an income tax deduction for all federal civil service benefits received by Income tax deductions. Provides an income tax deduction for all retirement or survivor's benefits that are received by a resident individual taxpayer for service in an active or reserve component of the armed forces of the United States, including the army, navy, air force, coast guard, marine corps, merchant marine, Indiana army national guard, or Indiana air national guard. Provides that a resident individual taxpayer who was employed in Indiana for at least 20 years and has resided in Indiana for at least 20 years is entitled to an income tax deduction for all federal civil service benefits received by the individual and all retirement or disability benefits received by the individual from: (1) the public employees' retirement fund; (2) the Indiana state teachers' retirement fund; (3) the state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan; and (4) the trust fund and pension trust of the Indiana state police department. ... View more