Indiana Senate Bill 108 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2020 - 25% progression, died in committee
Action: 2020-01-06 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Income tax credit for rail improvements. Provides that a railroad company that is classified as a Class II or Class III carrier is entitled to a credit against the railroad company's state income tax liability equal to 50% of the amount of qualified railroad reconstruction or replacement expenditures made by the railroad company during the taxable year. Provides, however, that the credit may not exceed the number of miles of railroad owned or leased by the railroad company on the last day of the taxable year multiplied by $3,500.

Income tax credit for rail improvements.

Sen. Michael Crider [R]

Date	Chamber	Action
2020-01-06	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2020-01-06	Senate	Authored by Senator Crider

Type	Source
Summary	https://iga.in.gov/legislative/2020/bills/senate/108/details
Text	http://iga.in.gov/static-documents/f/f/c/e/ffcef06a/SB0108.01.INTR.pdf