- District 19
Makes certain changes regarding net operating losses for purposes of determinating state adjusted gross income. Provides that certain amounts for providing or expanding access to broadband service in Indiana may be subtracted from a taxpayer's state corporate adjusted gross income. Provides for successor liability for certain unpaid taxes following a business asset sale. Repeals an outdated provision requiring separate exemption certificates for manufacturers and wholesalers. Makes a clarifying change to the sales tax exemption that applies to power subsidiaries. Clarifies the acquisition date for purposes of adding back interest from tax exempt bonds issued by another state in determining Indiana adjusted gross income. Amends provisions regarding the exemption for certain income derived from patents. Provides that tax paid by an electing partnership is deposited in the state general fund. Makes clarifying changes and technical corrections to the affordable and workforce housing tax credit. Specifies the deposit and distribution of interest and penalties associated with certain taxes. Authorizes the department of state revenue to publish or disclose the status of a governmental or nonprofit entity's sales tax exemption certificate. Provides that a person who knowingly or intentionally sells, purchases, installs, transfers, or possesses: (1) an automated sales suppression device or a zapper; or (2) phantom-ware; commits a Level 5 felony. Makes clarifying and technical corrections to provisions under the electronic cigarette tax.
Representative Porter added as cosponsor
First reading: referred to Committee on Ways and Means
Referred to the House
House sponsor: Representative Thompson
Third reading: passed; Roll Call 174: yeas 49, nays 0
Cosponsor: Representative Cherry
Senator Randolph added as coauthor
Senator Baldwin added as second author
Second reading: ordered engrossed
Committee report: amend do pass, adopted
First reading: referred to Committee on Tax and Fiscal Policy
Authored by Senator Holdman
|Bill Text Versions||Format|
|Introduced Senate Bill (S)|
|Senate Bill (S)|
|Fiscal Note: SB0419.02.COMS.FN001|
|Fiscal Note: SB0419.02.COMS.FN002|
|Fiscal Note: SB0419.02.COMS.FN003|
Data on Open States is updated periodically throughout the day from the official website of the Indiana General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.