Indiana Senate Bill 295 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2015 - 25% progression, died in committee
Action: 2015-01-08 - First Reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

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

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

Sen. James Buck [R]

Date	Chamber	Action
2015-01-08	Senate	First Reading: referred to Committee on Tax & Fiscal Policy
2015-01-08	Senate	Authored by Senator Buck

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/295/details
Text	http://iga.in.gov/static-documents/4/d/9/c/4d9ce646/SB0295.01.INTR.pdf