IN SB0347 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 14 2014 - 25% progression, died in committee
Action: 2014-01-14 - First Reading: Referred to Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 14 2014 - 25% progression, died in committee
Action: 2014-01-14 - First Reading: Referred to Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Provides that business personal property acquired after June 30, 2014, is exempt from property assessment and taxation. Provides a state income tax credit for property taxes paid on business personal property. Specifies that the credit percentage is 10% for taxable years beginning in 2015, and that the credit percentage increases for a year in an increment of 10% if state general fund revenue collections grew during the preceding state fiscal year.
Title
Personal property taxes and state tax credits.
Sponsors
| Sen. James Buck [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-01-14 | Senate | First Reading: Referred to Tax and Fiscal Policy |
| 2014-01-09 | Senate | Authored by Senator Buck. |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2014/bills/senate/347/details |
| Text | http://iga.in.gov/static-documents/0/e/2/e/0e2ea6c2/SB0347.01.INTR.pdf |
