Senate Bill 577 Summary

• Provides an income tax credit for individuals who pay tolls on the Indiana toll road for nonbusiness purposes, effective January 1, 2014.

• Tax credit amount equals the lesser of 50% of tolls paid during the taxable year or $300.

• Credit cannot exceed an individual's adjusted gross income tax liability after accounting for other allowable credits.

• Individual must claim the credit on their annual state tax return and submit documentation required by the department to calculate the credit.

• Provision applies to taxable years beginning after December 31, 2013 and expires January 1, 2018.