Bill Title: Deduction for small business investor income. Provides an individual income tax deduction for small business investor income received from Indiana small businesses. Specifies that the amount of the deduction is equal to 50% of the total amount of small business investor income received in the taxable year by the individual, but not to exceed $62,500 (in the case of an individual who files a single return) or $125,000 (in the case of spouses who file a joint return). Provides that an individual may receive such a deduction for small business investor income from a particular Indiana small business for not

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-08 - First Reading: referred to Committee on Tax & Fiscal Policy [SB0295 Detail]

Text: Latest bill text (Introduced) [PDF]

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