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IN HB1411

Bill

Official Source

Status

Introduced

1/16/2014

Primary Sponsor

Mara Reardon

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

Indiana House Bill 1411 (2014)

  • Eliminates the state adjusted gross income tax for all individuals beginning with taxable years after December 31, 2015
  • Retains the adjusted gross income tax for corporations, trusts, estates, and insurance companies at existing rates
  • Repeals an obsolete tax deduction related to 2008 property tax payments (IC 6-3-2-25)
  • Requires the code revision commission to prepare conforming legislation by December 15, 2014 addressing income tax deductions, credits, local option income taxes, and related administrative matters
  • Effective date: July 1, 2014

Legislative Description

Repeal of state income tax on individuals.

Last Action

First Reading: Referred to Ways and Means

1/16/2014

Committee Referrals

Ways and Means1/16/2014

Full Bill Text

No bill text available