IN HB1077 | 2015 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 6 2015 - 25% progression, died in committee
Action: 2015-01-06 - Authored by Representative Clere
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 6 2015 - 25% progression, died in committee
Action: 2015-01-06 - Authored by Representative Clere
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Taxation of civil service annuities. Provides that the maximum state income tax deduction for federal civil service annuity income is equal to the lesser of: (1) the amount of federal civil service annuity income received during the taxable year; or (2) the average annual federal Social Security retirement benefit paid to Indiana retired workers during the calendar year preceding the taxpayer's taxable year. Retains the provision that reduces the deduction by the amount of any federal Social Security and railroad retirement benefits received by the taxpayer during the taxable year. Provides that the deduction is also available to a surviving
Title
Taxation of civil service annuities. Provides that the maximum state income tax deduction for federal civil service annuity income is equal to the lesser of: (1) the amount of federal civil service annuity income received during the taxable year; or (2) the average annual federal Social Security retirement benefit paid to Indiana retired workers during the calendar year preceding the taxpayer's taxable year. Retains the provision that reduces the deduction by the amount of any federal Social Security and railroad retirement benefits received by the taxpayer during the taxable year. Provides that the deduction is also available to a surviving
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-06 | House | Authored by Representative Clere |
| 2015-01-06 | House | First Reading: referred to Committee on Ways and Means |
| 2015-01-06 | House | Coauthored by Representatives Cherry, Koch, Stemler |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2015/bills/house/1077/details |
| Text | http://iga.in.gov/static-documents/7/6/6/a/766ab159/HB1077.01.INTR.pdf |
