Indiana House Bill 1347 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Definition of adjusted gross income. Eliminates the adjustment based on the federal deduction for amounts spent on certain depreciable property under Section 179 of the Internal Revenue Code in the definition of "adjusted gross income" for purposes of the Indiana adjusted gross income tax and the financial institutions tax. Eliminates the add back of the federal deduction for domestic production activities under Section 199 of the Internal Revenue Code in the definition of "adjusted gross income" for purposes of the Indiana adjusted gross income tax and the financial institutions tax.

Definition of adjusted gross income. Eliminates the adjustment based on the federal deduction for amounts spent on certain depreciable property under Section 179 of the Internal Revenue Code in the definition of "adjusted gross income" for purposes of the Indiana adjusted gross income tax and the financial institutions tax. Eliminates the add back of the federal deduction for domestic production activities under Section 199 of the Internal Revenue Code in the definition of "adjusted gross income" for purposes of the Indiana adjusted gross income tax and the financial institutions tax.

Rep. Daniel Leonard [R]

Date	Chamber	Action
2015-01-13	House	First Reading: referred to Committee on Ways and Means
2015-01-13	House	Authored by Representative Leonard

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/house/1347/details
Text	http://iga.in.gov/static-documents/9/c/6/3/9c633dfb/HB1347.01.INTR.pdf