HB 1144 IN
Income tax credit for firearms safety expenses.
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Summary
Provides a state income tax credit for expenses incurred to receive qualified firearms instruction or to purchase a qualified firearms storage device. Provides that the tax credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a tax credit is $300 for individuals filing single returns or $600 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any unused tax credit.
Sponsor (1)
- Jim Lucas Republican · author
Action history (2)
- Jan 8, 2024 First reading: referred to Committee on Ways and Means · lower
- Jan 8, 2024 Authored by Representative Lucas · lower
Text versions (1)
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