Senate Bill 0161
DIGEST OF INTRODUCED BILL
Taxation of active duty military pay. Exempts from the individual income tax any wages that are paid to an individual who is: (1) an Indiana resident; and (2) a member of an active component of the armed forces; for the individual's active duty service outside Indiana. (Current law exempts wages earned by members of the National Guard and reserve components of the United States armed forces while serving on active duty.) |
Senate Bill 0162
DIGEST OF INTRODUCED BILL
Economic development incentives and reports. Specifies for purposes of the public records law that information provided to receive an economic development incentive from the Indiana economic development corporation (IEDC), the ports of Indiana, the Indiana state department of agriculture, the Indiana finance authority, an economic development commission, a local economic development organization, or a governing body of a political subdivision with industrial, research, or commercial prospects (an "economic development incentive provider") must be available for inspection and copying, if the information is provided after the incentive recipient executes the financial incentive agreement. Specifies that negotiations with an economic development incentive provider terminate on the date the incentive recipient executes the financial incentive agreement. Prohibits the IEDC from granting any incentive that is measured by any activity that occurred before the date the incentive recipient executes the financial incentive agreement. Requires a person that applies for an economic development incentive with the IEDC to include a representation of the applicant's expected financial investment in Indiana. Requires an IEDC incentive recipient to annually provide job and financial investment information that corresponds to the recipient's representations as an applicant. Specifies that the information that an applicant and incentive recipient files with the IEDC compliance officer to detail the applicant's compliance with the incentive agreement must be available for inspection and copying under the public records law. Requires that the applicant's representations and the recipient's annual compliance information must be included in the |
Senate Bill 0165
DIGEST OF INTRODUCED BILL
Assessed value cap for veteran's deduction. Eliminates the assessed value cap of $143,160 that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability. |
Senate Bill 0166
DIGEST OF INTRODUCED BILL
Vehicle excise tax credit for certain veterans. Allows certain disabled veterans, surviving spouses of certain disabled veterans, and World War I veterans or their surviving spouses to claim a credit against the annual motor vehicle excise tax regardless of whether the veteran or surviving spouse owns or is buying other real or personal property against which the veteran or surviving spouse may claim a property tax deduction for disabled veterans, surviving spouses of disabled veterans, or World War I veterans or their surviving spouses. |
Senate Bill 0192
DIGEST OF INTRODUCED BILL
Income tax rates. Phases down the state adjusted gross income tax rate on noncorporate taxpayers from 3.4% to 3.0% over four years. |
Senate Bill 0201
DIGEST OF INTRODUCED BILL
Homestead assessed value growth cap. Limits the annual increase in assessed value of a homestead to 5% unless: (1) ownership of the homestead changes during the year; or (2) the increase results from physical changes to the homestead. |
