Indiana Senate Bill 354 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-01-12 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]

Exempts from the gross retail and use taxes the sale of original and creative works of art in an arts and cultural district. Provides that an arts and cultural district must be established by a local economic development commission and be certified by the Indiana arts commission. Exempts from state and local adjusted gross income tax the income of a writer, a composer, or an artist who has a business located in an arts and cultural district. Provides that the income tax exemption applies to that part of the individual's income that is derived from sources within the arts and cultural district and is attributable to original and creative works of art created within the district.

Tax-free art districts.

Sen. Vi Simpson [D]

Date	Chamber	Action
2010-01-12		First reading: referred to Committee on Tax and Fiscal Policy
2010-01-12		Authored by Senator Simpson

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2010&session=1&request=getBill&doctype=SB&docno=0354
Text	http://www.in.gov/legislative/bills/2010/IN/IN0354.1.html