IN HB1109 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 7 2019 - 25% progression, died in committee
Action: 2019-01-17 - Representative Stutzman added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Income tax credit for firearms safety expenses. Provides a state income tax credit for expenses incurred to receive qualified firearms instruction or to purchase a qualified firearms storage device. Provides that the credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a credit is $200 for individuals filing single returns or $400 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any unused tax credit.

Tracking Information

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Title

Income tax credit for firearms safety expenses. Provides a state income tax credit for expenses incurred to receive qualified firearms instruction or to purchase a qualified firearms storage device. Provides that the credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a credit is $200 for individuals filing single returns or $400 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any unused tax credit.

Sponsors


History

DateChamberAction
2019-01-17HouseRepresentative Stutzman added as coauthor
2019-01-14HouseRepresentative Smaltz added as coauthor
2019-01-07HouseFirst reading: referred to Committee on Ways and Means
2019-01-07HouseAuthored by Representative Lucas

Indiana State Sources


Bill Comments 750

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