IN HB1217 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2016 - 25% progression, died in committee
Action: 2016-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2016 - 25% progression, died in committee
Action: 2016-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Income tax credit for firearms instruction. Provides a state income tax credit to taxpayers (individuals filing single tax returns or married couples filing joint tax returns) who incur expenses in receiving qualified firearms instruction. Provides that the credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a credit is $100 for individuals filing single returns or $200 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any
Title
Income tax credit for firearms instruction. Provides a state income tax credit to taxpayers (individuals filing single tax returns or married couples filing joint tax returns) who incur expenses in receiving qualified firearms instruction. Provides that the credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a credit is $100 for individuals filing single returns or $200 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any
Sponsors
Rep. Jim Lucas [R] |
History
Date | Chamber | Action |
---|---|---|
2016-01-11 | House | First reading: referred to Committee on Ways and Means |
2016-01-11 | House | Authored by Representative Lucas |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2016/bills/house/1217/details |
Text | http://iga.in.gov/static-documents/f/f/4/3/ff438b9e/HB1217.01.INTR.pdf |