IN HB1296 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Remittance fee for international money wiring. Establishes the Indiana foreign electronic transfer fees property tax relief fund (fund) for the purpose of issuing property tax relief rebates to individuals who qualify for the over 65 property tax credit. Provides that the department of state revenue administers the fund. Requires the sender of a money transmission transaction to pay a fee if the recipient of the money is located outside of the United States. Provides a tax credit for an individual who: (1) is a citizen or national of the United States, or is an alien who has lawful permanent resident status or conditional permanent resident status; and (2) paid any fees for a money transmission transaction during the taxable year. Makes an appropriation.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Remittance fee for international money wiring.

Sponsors


History

DateChamberAction
2024-01-10HouseFirst reading: referred to Committee on Ways and Means
2024-01-10HouseAuthored by Representative Speedy
2024-01-10HouseCoauthored by Representative Haggard

Indiana State Sources


Bill Comments

feedback