IN HB1475 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 15 2019 - 25% progression
Action: 2019-01-15 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Veterinarian tax credit. Provides a tax credit against the adjusted gross income tax liability of a veterinary services provider that performs a spay-neuter procedure on a companion animal at no cost to the owner of the companion animal. Defines a "companion animal" as a dog or a cat. Defines "veterinary services provider" as a: (1) veterinarian, if the veterinarian provides veterinary services as a sole proprietor; or (2) professional services corporation or other business entity, if a veterinarian provides veterinary services through the veterinarian's affiliation with the professional services corporation or other business entity. Specifies that the amount of the credit is the lesser of: (1) an amount equal to the total number of spay-neuter procedures performed by the veterinary services provider at no cost during the taxable year, multiplied by the average cost of a spay-neuter procedure otherwise charged by the veterinary services provider during the taxable year, multiplied by 5%; or (2) $2,000.

Tracking Information

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Title

Veterinarian tax credit. Provides a tax credit against the adjusted gross income tax liability of a veterinary services provider that performs a spay-neuter procedure on a companion animal at no cost to the owner of the companion animal. Defines a "companion animal" as a dog or a cat. Defines "veterinary services provider" as a: (1) veterinarian, if the veterinarian provides veterinary services as a sole proprietor; or (2) professional services corporation or other business entity, if a veterinarian provides veterinary services through the veterinarian's affiliation with the professional services corporation or other business entity. Specifies that the amount of the credit is the lesser of: (1) an amount equal to the total number of spay-neuter procedures performed by the veterinary services provider at no cost during the taxable year, multiplied by the average cost of a spay-neuter procedure otherwise charged by the veterinary services provider during the taxable year, multiplied by 5%; or (2) $2,000.

Sponsors


History

DateChamberAction
2019-01-15HouseFirst reading: referred to Committee on Ways and Means
2019-01-15HouseCoauthored by Representative Bacon
2019-01-15HouseAuthored by Representative Abbott

Indiana State Sources


Bill Comments

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