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IN SB0258

Bill

Official Source

Status

Introduced

1/7/2015

Primary Sponsor

Ronald Grooms

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Establishes an income tax deduction for Indiana residents of Clark County or Floyd County who pay tolls to cross Ohio River bridges with northern termini in those counties.
  • Qualifies individuals who incur at least $100 in non-reimbursed toll expenses during a taxable year for the deduction.
  • Limits the deduction to the lesser of actual non-reimbursed tolls paid or $500 per individual per taxable year.
  • Requires individuals to claim the deduction on their annual state tax return and submit all information the department determines necessary for calculation.
  • Caps married couples filing jointly at a maximum $500 deduction total, regardless of individual toll expenses.
  • Takes effect January 1, 2016.

Legislative Description

Tax deduction for Ohio River bridge tolls. Provides an income tax deduction to qualified individuals who pay tolls to cross certain Ohio River bridges. Provides that a qualified individual is an individual who resides in Clark County or Floyd County and incurs at least $100 in non-reimbursed toll expenses to cross the Ohio River bridges in Clark County or Floyd County. Provides that the amount of the tax deduction may not exceed the lesser of: (1) the amount of non-reimbursed tolls paid by the qualified individual during the taxable year; or (2) $500.

Last Action

Senator Smith added as second author

1/12/2015

Committee Referrals

Tax and Fiscal Policy1/7/2015

Full Bill Text

No bill text available