Comments: IN SB0624 | 2019 | Regular Session
Bill 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.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2019-01-28 - Senator Ford Jon added as second author [SB0624 Detail]
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2019-01-28 - Senator Ford Jon added as second author [SB0624 Detail]
Text: Latest bill text (Introduced) [PDF]
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