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IN SB0533
Bill
Status
1/17/2017
Primary Sponsor
Philip Boots
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AI Summary
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Establishes the office of transition recruiting under the lieutenant governor to recruit active military personnel during their final six months of service to relocate to Indiana, effective July 1, 2017.
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Creates the transition recruiting fund to provide grants to Indiana counties, cities, and towns for job skills training, training stipends, home purchasing assistance, and relocation expense payments for recently discharged veterans.
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Provides a tax credit for qualified veterans with 10% or more service-connected disability who rent a principal residence, equal to 10% of annual rent paid, effective January 1, 2018.
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Establishes the Indiana work opportunity tax credit for employers, equal to 25% of the federal work opportunity tax credit for employing qualified veterans, effective January 1, 2018.
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Allows tax credits to be carried over up to five subsequent taxable years if they exceed state tax liability, with no refund of unused credits.
Legislative Description
Veterans. Establishes the office of transition recruiting under the lieutenant governor to recruit active military service personnel during the final six months of their military service to live and work in Indiana at the conclusion of their military service. Establishes the transition recruiting fund to provide grants to counties, cities, and towns that seek to welcome and support recently discharged military service personnel to their communities with various types of financial assistance. Provides for a tax credit against a qualified veteran's adjusted gross income tax liability each taxable year to a qualified veteran who rents a dwelling as a principal
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/17/2017