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IN SB0379
Bill
Status
1/10/2017
Primary Sponsor
Ronald Grooms
Click for details
AI Summary
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Allows qualified individuals to deduct Ohio River bridge tolls from adjusted gross income for Indiana state income tax purposes, effective for taxable years beginning after December 31, 2017.
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Qualified individuals must reside in Clark County or Floyd County, incur at least $100 in nonreimbursed toll expenses annually to cross Ohio River bridges, and maintain a Riverlink personal account.
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Maximum deduction is limited to the lesser of actual nonreimbursed tolls paid or $500 per individual per taxable year.
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Married couples filing jointly cannot claim more than $500 total deduction per taxable year regardless of individual toll expenses.
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Individuals must claim the deduction on their annual state tax return with documentation as determined by the Department of Revenue; provision expires January 1, 2020.
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: (1) resides in Clark County or Floyd County; (2) incurs at least $100 in nonreimbursed toll expenses to cross the Ohio River bridges in Clark County or Floyd County during a taxable year; and (3) has a Riverlink personal account. Provides that the amount of the tax deduction may not exceed the lesser of: (1) the amount of nonreimbursed tolls paid by the qualified individual during the
Last Action
First reading: referred to Committee on Homeland Security and Transportation
1/10/2017