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IN HB1442

Bill

Official Source

Status

Introduced

1/23/2013

Primary Sponsor

Justin Moed

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Increases the maximum renter's deduction for Indiana state income tax from $3,000 to $6,000 for taxable years beginning after December 31, 2013
  • Applies to individuals who rent a dwelling for use as their principal place of residence and deduct rent paid from adjusted gross income
  • Limits joint filers to a maximum deduction of $3,000 for taxable years before January 1, 2014, and $6,000 for taxable years after December 31, 2013
  • Excludes individuals renting dwellings exempt from Indiana property tax from claiming the deduction
  • Effective July 1, 2013

Legislative Description

Renter's deduction.

Last Action

First reading: referred to Committee on Ways and Means

1/23/2013

Committee Referrals

Ways and Means1/23/2013

Full Bill Text

No bill text available