IN HB1626 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-01-24 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-01-24 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Industrial recovery tax credit. Provides that a taxpayer is entitled each taxable year beginning after December 31, 2019, to an industrial recovery tax credit against the taxpayer's state tax liability for a qualified investment in a qualified community development entity. Provides that the credit is equal to 25% of the taxpayer's qualified investment in a qualified community development entity made during the taxable year.
Title
Industrial recovery tax credit. Provides that a taxpayer is entitled each taxable year beginning after December 31, 2019, to an industrial recovery tax credit against the taxpayer's state tax liability for a qualified investment in a qualified community development entity. Provides that the credit is equal to 25% of the taxpayer's qualified investment in a qualified community development entity made during the taxable year.
Sponsors
Rep. Gerald Torr [R] |
History
Date | Chamber | Action |
---|---|---|
2019-01-24 | House | First reading: referred to Committee on Ways and Means |
2019-01-24 | House | Authored by Representative Torr |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2019/bills/house/1626/details |
Text | http://iga.in.gov/static-documents/0/d/8/7/0d873032/HB1626.01.INTR.pdf |