Bill Text: IN SB0288 | 2013 | Regular Session | Introduced
Bill Title: Small employer wellness program tax credits.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-01-08 - First reading: referred to Committee on Tax and Fiscal Policy [SB0288 Detail]
Download: Indiana-2013-SB0288-Introduced.html
Introduced Version
SENATE BILL No. 288
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DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-3.1-31.2.
Synopsis: Small employer wellness program tax credits. Extends the
income tax credit for small employers who provide a qualified wellness
program for their employees. Provides that the credit may be claimed
for costs in 2012 through 2015. (Current law provides that costs
incurred after 2011 are not eligible for the credit.)
Effective: January 1, 2013 (retroactive).
Grooms
January 8, 2013, read first time and referred to Committee on Tax and Fiscal Policy.
Introduced
First Regular Session 118th General Assembly (2013)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
SENATE BILL No. 288
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-3.1-31.2-11; (13)IN0288.1.1. -->
SECTION 1. IC 6-3.1-31.2-11, AS ADDED BY P.L.172-2011,
SECTION 71, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2013 (RETROACTIVE)]: Sec. 11. (a) A tax credit may
not be awarded under this chapter for costs incurred after December
31, 2011. 2015. Notwithstanding that this section, as in effect on
December 31, 2012, prohibited a tax credit from being awarded for
costs incurred in 2012, a tax credit may be awarded under this
chapter for costs incurred by a taxpayer in 2012.
(b) Any tax credit previously awarded but not claimed may not be
carried over to a taxable year beginning during the period January 1,
2012, through December 31, 2013, and must be carried forward to a
taxable year that begins after December 31, 2013, and before January
1, 2016.
SOURCE: IC 6-3.1-31.2-12; (13)IN0288.1.2. -->
SECTION 2. IC 6-3.1-31.2-12, AS ADDED BY P.L.172-2011,
SECTION 72, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2013 (RETROACTIVE)]: Sec. 12. This chapter expires
January 1, 2020. 2023.
SOURCE: ; (13)IN0288.1.3. -->
SECTION 3. [EFFECTIVE JANUARY 1, 2013 (RETROACTIVE)]
(a) IC 6-3.1-31.2, as amended by this act, applies to taxable years
beginning after December 31, 2011.
(b) This SECTION expires January 1, 2015.
(b) This SECTION expires January 1, 2015.
SOURCE: ; (13)IN0288.1.4. -->
SECTION 4. An emergency is declared for this act.
