Bill Title: 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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-08 - First Reading: referred to Committee on Tax & Fiscal Policy [SB0295 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2015-01-08	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana SB0295

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana SB0295 currently on file.

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