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IN HB1456

Bill

Official Source

Status

Introduced

1/22/2013

Primary Sponsor

Christina Hale

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Creates a $1,000 state tax credit for small businesses that hire veterans, individuals age 50 or older, or individuals who have been totally unemployed for the 26 weeks preceding their hire date
  • Defines "small business" as an entity with no more than 150 employees on at least 50% of working days in the preceding calendar year, with a majority of employees working in Indiana
  • Veterans qualifying for the credit include those who served in the U.S. armed forces, reserves, Indiana Army National Guard, or Indiana Air National Guard and received an honorable discharge, or who are currently serving
  • Unused tax credits may be carried forward for up to 9 taxable years but cannot be refunded or carried back
  • Effective retroactively to January 1, 2013, applying to taxable years beginning after December 31, 2012

Legislative Description

New employee tax credit.

Last Action

Representative Baird added as coauthor

1/28/2013

Committee Referrals

Ways and Means1/22/2013

Full Bill Text

No bill text available