Indiana House Bill 1521 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2023 - 25% progression, died in committee
Action: 2023-01-19 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Income tax replacement. Eliminates the state adjusted gross income tax by reducing the rate to zero. Provides that the reduction in revenue resulting from the elimination of the state adjusted gross income tax must be offset by adjustments to the state gross retail tax. 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.

Income tax replacement.

Rep. Bruce Borders [R]

Date	Chamber	Action
2023-01-19	House	First reading: referred to Committee on Ways and Means
2023-01-19	House	Authored by Representative Borders

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/house/1521/details
Text	https://iga.in.gov/legislative/2023/bills/house/1521/#1.INTR