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Senate Bill 0480

Senate Bill 0480

ARCHIVE (2007)

Latest Information

DIGEST OF SB 480 (Updated April 27, 2007 7:23 pm - DI 103)

Military and veterans' benefits. Exempts active duty military pay earned by members of the national guard and reserve components of the United States armed forces from the individual income tax. Increases the military pay income tax deduction from $2,000 to $5,000. Provides that a taxpayer may not claim both the new exemption and the existing deduction for military income. Establishes employment criteria for employees of the Indiana department of veterans' affairs (department) and local service officers. Provides for reimbursement of certain expenses of medal of honor recipients. Provides that a power of attorney for prosecution of veterans' benefits runs to an agency or individual authorized by the department. Establishes the veterans' affairs trust fund and the military and veterans' benefits board (board). Provides that the board (rather than the veterans' affairs commission) administers the veterans' affairs trust fund and the military family relief fund. Expands the high school diploma program for eligible veterans to include veterans of the Korean and Vietnam conflicts. Establishes the National Guard scholarship extension fund to provide scholarships to certain former National Guard members. Requires the state student assistance commission to transfer on June 30, 2007, the National Guard scholarship program reserves to the National Guard scholarship extension fund. Specifies that active duty military personnel stationed in Indiana and their dependents are eligible for resident tuition rates at state educational institutions. Authorizes the: (1) advisory board of the division of professional standards of the department of education; and (2) various professional licensing boards; to adopt rules to expedite the licensure of individuals whose spouses are stationed on active duty in Indiana.
    Current Status:
    Law Enacted
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