HB 1337 Summary

• Requires electronic transmission of governmental financial reports and certifications through a web-based system instead of paper documents.

• Modifies local Indiana business preference for political subdivision contracts to apply only when the political subdivision explicitly states the preference applies to the purchase.

• Repeals the local Indiana business preference for public works projects effective July 1, 2012.

• Permits counties, cities, or towns to authorize a 100% property tax deduction for personal property or grant a tax credit on personal property taxes.

• Phases out Indiana inheritance tax over 10 years for individuals dying after June 30, 2023, starting with a 9% credit in 2013-2014 and increasing 9% annually until full elimination.

• Requires out-of-state businesses with Indiana affiliates or closely related businesses to collect use taxes on Indiana sales effective July 1, 2012.

• Makes sale, purchase, installation, transfer, or possession of automated sales suppression devices ("zappers") or phantom-ware a Class C felony.