IN HB1411 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 11 2024 - 25% progression
Action: 2024-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Elimination of state individual income tax. Eliminates the state individual adjusted gross income tax by reducing the rate to 0%. Provides that in calculating the local income tax (LIT), which is imposed based on a local taxpayer's state adjusted gross income, the calculation of a taxpayer's state adjusted gross income for LIT purposes shall be calculated under the adjusted gross income tax provisions as if those provisions, and the most recent adjusted gross income tax rate before its elimination, were still in effect.

Tracking Information

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Title

Elimination of state individual income tax.

Sponsors


History

DateChamberAction
2024-01-11HouseFirst reading: referred to Committee on Ways and Means
2024-01-11HouseAuthored by Representative Payne
2024-01-11HouseCoauthored by Representatives Hostettler, Sweet, Cash

Indiana State Sources


Bill Comments

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