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HB 1603 IN

Credit for automobile loan interest expenses.

IN · session 2025 · Assembly / House · bill

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Introduced Jan 21, 2025

Latest action (Jan 21, 2025) Authored by Representative Johnson B

Summary

Provides a nonrefundable state income tax credit to an individual for interest paid on an outstanding loan or lease agreement for a personal motor vehicle during a taxable year.

Sponsor (1)

Action history (2)

  1. Jan 21, 2025 First reading: referred to Committee on Ways and Means · lower
  2. Jan 21, 2025 Authored by Representative Johnson B · lower
Subjects
TAXES; CreditsTRANSPORTATION; Generally

Full text

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