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IN HB1567
Bill
Status
1/23/2017
Primary Sponsor
Ryan Hatfield
Click for details
AI Summary
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Allows individual and married taxpayers filing jointly to deduct drinking water and sewer service expenses paid to public utilities for their principal residence from adjusted gross income.
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Requires taxpayers to claim the deduction on their annual state tax return in the manner prescribed by the Indiana Department of Revenue and submit all necessary information for calculation.
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Applies only to taxable years beginning after December 31, 2017, with the deduction provision effective January 1, 2018.
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Sunsets on January 1, 2020, when the enabling section expires.
Legislative Description
Income tax deduction. Provides an income tax deduction for expenses incurred for drinking water and sewer services provided to a taxpayer's principal residence by a public utility.
Last Action
First reading: referred to Committee on Ways and Means
1/23/2017