Madison, IN Sunny intervals 86°
Listen Live

Frye's Bill to Phase-In Complete Tax Exemption for Military Pay Signed into Law

Frye's plan will allow for full exemption by 2027.

Shutterstock photo.

INDIANAPOLIS – A bill authored by State Rep. Randy Frye (R-Greensburg) was signed into law today.

Governor Eric Holcomb signed House Bill 1034, which would phase-in a complete state income tax exemption for military pay earned by active-duty members.

When introducing the bill earlier this year, Frye said, “We need and want skilled veterans to call Indiana home. With this tax cut, we can incentivize more military members to settle here in our state, and help honor their commitment to serving our great nation."

Under the legislation, the first phase would include a 25 percent exemption on military pay in 2024. The exemption would increase 25 percent each year until full exemption in 2027.

Neighboring states of Michigan and Kentucky already offer a complete military income tax exemption for residents.

See a full list of bills that have been signed into law this legislative session at https://www.in.gov/gov/newsroom/2023-bill-watch/

More from Local News

Events

Local News

New OneNKY Center Celebrates Grand Opening in Covington

Funding to support project approved during 2022 Regular Legislative Session, broke ground in August 2023

Seven Tri-State Area Students Named National Merit Scholarship Semifinalists

Over 16,000 Semifinalists have been named in the 71st annual National Merit Scholarship Program.

Local Sports

Local Sports for September 12-13, 2025

Any missing scores or to report a score email news@953wiki.com

Local Sports for September 11,2025

Any missing scores or to report a score email news@953wiki.com