Indiana House Bill 1296

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-01-10 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Remittance fee for international money wiring. Establishes the Indiana foreign electronic transfer fees property tax relief fund (fund) for the purpose of issuing property tax relief rebates to individuals who qualify for the over 65 property tax credit. Provides that the department of state revenue administers the fund. Requires the sender of a money transmission transaction to pay a fee if the recipient of the money is located outside of the United States. Provides a tax credit for an individual who: (1) is a citizen or national of the United States, or is an alien who has lawful permanent resident status or conditional permanent resident status; and (2) paid any fees for a money transmission transaction during the taxable year. Makes an appropriation.

Remittance fee for international money wiring.

Rep. Mike Speedy [R]

Rep. Craig Haggard [R]

Date	Chamber	Action
2024-01-10	House	First reading: referred to Committee on Ways and Means
2024-01-10	House	Authored by Representative Speedy
2024-01-10	House	Coauthored by Representative Haggard

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1296/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1296/HB1296.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1296/fiscal-notes/HB1296.01.INTR.FN001.pdf