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IN HB1419
Bill
Status
1/14/2015
Primary Sponsor
Mike Speedy
Click for details
AI Summary
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Creates a new deduction from adjusted gross income for Indiana taxpayers who pay for fitness facility memberships or services for themselves, their spouse, and dependent children for taxable years beginning after December 31, 2015.
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Defines "fitness facility" as real property and equipment located in Indiana that is made available for public use to enable patrons to engage in various forms of physical exercise.
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Sets maximum deduction amounts based on filing status: $500 for single filers without dependent children or married individuals filing separately, and $1,000 for joint filers or single filers with one or more dependent children.
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Limits deduction to the lesser of actual fitness facility expenditures made during the taxable year or the applicable maximum amount based on filing status.
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Prohibits married couples filing jointly from claiming a deduction that exceeds $1,000 per tax year.
Legislative Description
Deduction for fitness facility expenditures. Provides a deduction from adjusted gross income to an individual for expenditures made to a fitness facility on behalf of the individual, the individual's spouse, and the individual's dependent children.
Last Action
First Reading: referred to Committee on Ways and Means
1/14/2015