IN SB0624 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 15 2019 - 25% progression, died in committee
Action: 2019-01-28 - Senator Ford Jon added as second author
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2019 - 25% progression, died in committee
Action: 2019-01-28 - Senator Ford Jon added as second author
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Income tax deductions. Eliminates, for property placed in service by a taxpayer after December 31, 2018: (1) the bonus depreciation add back of the amount that is allowed for federal income tax purposes; and (2) the Section 179 expense add back of the amount that is allowed for federal income tax purposes in excess of $25,000 per year.
Title
Income tax deductions. Eliminates, for property placed in service by a taxpayer after December 31, 2018: (1) the bonus depreciation add back of the amount that is allowed for federal income tax purposes; and (2) the Section 179 expense add back of the amount that is allowed for federal income tax purposes in excess of $25,000 per year.
Sponsors
| Sen. Brian Buchanan [R] | Sen. Jon Ford [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-28 | Senate | Senator Ford Jon added as second author |
| 2019-01-15 | Senate | First reading: referred to Committee on Appropriations |
| 2019-01-15 | Senate | Authored by Senator Buchanan |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2019/bills/senate/624/details |
| Text | http://iga.in.gov/static-documents/f/f/6/3/ff63e79f/SB0624.01.INTR.pdf |
