Bill
HF 152
Overview: HF 152, "Individual income tax subtraction modified for National Guard and reserve compensation", was introduced on January 30, 2025, with the bill being referred to the
Overview: HF 152, "Individual income tax subtraction modified for National Guard and reserve compensation", was introduced on January 30, 2025, with the bill being referred to the Taxes committee for consideration.
Purpose and Intent: The bill aims to modify the individual income tax subtraction for members of the National Guard and military reserves. The legislation is intended to provide tax relief and support for these service members.
Key Provisions:
- Expands the existing income tax subtraction for National Guard and reserve compensation
- Allows for a larger portion of this compensation to be excluded from an individual's taxable income
Affected Parties and Impacts: This bill primarily affects members of the National Guard and military reserves, who will benefit from the increased tax subtraction and the resulting reduction in their individual income tax liability.
Procedural and Timeline Considerations: The bill has been introduced and referred to the Taxes committee for further consideration. The legislative process will continue, with potential amendments, committee hearings, and votes before the bill can be passed and signed into law.
Compiled from official sources — confirm details with the bill’s official record.
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