SB 540
Modifies provisions relating to an income tax deduction for members of the armed forces
Sponsor:
LR Number:
2044S.02I
Committee:
Last Action:
1/23/2023 - S First Read
Journal Page:
Title:
Effective Date:
August 28, 2023

Current Bill Summary

SB 540 - Current law authorizes an income tax deduction for active and reserve members of the Armed Forces for a percentage of such taxpayer's income received as salary or compensation as a member of the Armed Forces. This act provides that the term "salary or compensation" shall include any signing bonus.

JOSH NORBERG

Amendments

No Amendments Found.