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IN HB1343
Bill
Status
1/12/2016
Primary Sponsor
Edward DeLaney
Click for details
AI Summary
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Expands Indiana income tax deduction for dependents to include children for whom the taxpayer is the legal guardian, in addition to biological children, stepchildren, and foster children.
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Allows taxpayers to claim an additional $1,500 deduction for each dependent child under age 19 or full-time student under age 24 who is a legal dependent.
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Effective for taxable years beginning January 1, 2017.
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Provision expires January 1, 2020.
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Amends Indiana Code Section 6-3-1-3.5 regarding adjusted gross income calculations for individuals.
Legislative Description
Income tax deduction for dependents. Provides that a taxpayer may claim the $1,500 additional dependent deduction for a dependent child for whom the taxpayer is the legal guardian. (Current law allows the additional dependent deduction to be claimed only for a child, stepchild, or foster child of the taxpayer.)
Last Action
First reading: referred to Committee on Ways and Means
1/12/2016