IN HB1144 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2024 - 25% progression, died in committee
Action: 2024-01-08 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2024 - 25% progression, died in committee
Action: 2024-01-08 - First reading: referred to Committee on Ways and Means
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 tax credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a tax credit is $300 for individuals filing single returns or $600 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.
Title
Income tax credit for firearms safety expenses.
Sponsors
Rep. Jim Lucas [R] |
History
Date | Chamber | Action |
---|---|---|
2024-01-08 | House | First reading: referred to Committee on Ways and Means |
2024-01-08 | House | Authored by Representative Lucas |