SB 213 IN
Income tax deduction for theft loss.
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
Provides an income tax deduction for theft losses that result from certain financial transactions induced by third parties and that cause the individual to incur federal gross income as a result of the theft. Requires the department of state revenue to first certify the theft loss deduction before a taxpayer may claim the deduction in a taxable year.
Sponsors (3)
- Travis Holdman Republican · author
- Fady Qaddoura Democratic · author
- Jeffrey Thompson Republican · sponsor
2 coauthors / cosponsors
- Lonnie Randolph Democratic · coauthor
- Craig Snow Republican · cosponsor
Action history (12)
- Jan 8, 2026 Authored by Senator Holdman · upper
- Jan 8, 2026 First reading: referred to Committee on Tax and Fiscal Policy · upper
- Jan 12, 2026 Senator Qaddoura added as second author · upper
- Jan 15, 2026 Senator Randolph added as coauthor · upper
- Jan 20, 2026 Committee report: amend do pass, adopted · upper
- Jan 22, 2026 Second reading: amended, ordered engrossed · upper
- Jan 22, 2026 Amendment #1 (Holdman) prevailed; voice vote · upper
- Jan 26, 2026 Cosponsor: Representative Snow · upper
- Jan 26, 2026 Third reading: passed; Roll Call 77: yeas 43, nays 1 · upper
- Jan 26, 2026 House sponsor: Representative Thompson · upper
- Jan 27, 2026 Referred to the House · upper
- Jan 28, 2026 First reading: referred to Committee on Ways and Means · lower
Subjects
AGENCIES; Department of Revenue (DOR)CRIMINAL LAW AND PROCEDURE; Offenses Against PropertyFINANCIAL SERVICES; Financial Accounts (Not Including State Pensions)FINANCIAL SERVICES; GenerallyTAXES; Adjusted Gross Income TaxesTAXES; Deductions
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments