Baird co-authors new law cutting taxes for active-duty military
Hoosier military members are set to receive tax relief thanks to a new law co-authored by State Rep. Beau Baird (R-Greencastle).
Currently, active-duty service members are eligible for a $5,000 deduction from the state individual income tax. Under the new law recently signed by Gov. Eric Holcomb, active-duty military members will receive a complete income tax exemption beginning in January regardless of their deployment status.
Baird said National Guard and reserve members already receive a $5,000 deduction, and a full income tax exemption when mobilized or on duty.
“Service members make so many sacrifices to protect this great nation,” Baird said. “Indiana has long stood as a welcoming state for veterans, and this law builds on our reputation and commitment. We hope this incentivizes service members to stay in our state or move here.”
According to Baird, other states, including Michigan and Kentucky, offer a full income tax exemption to all service members.
To follow legislation signed into law by the governor, visit in.gov/gov/newsroom/2023-bill-watch.
State Rep. Baird represents House District 44, which includes all of Putnam County and a portion of Montgomery County.