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HB 1144 IN

Income tax credit for firearms safety expenses.

IN · session 2024 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 8, 2024

Latest action (Jan 8, 2024) Authored by Representative Lucas

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)

Action history (2)

  1. Jan 8, 2024 First reading: referred to Committee on Ways and Means · lower
  2. Jan 8, 2024 Authored by Representative Lucas · lower
Subjects
FIREARMS AND WEAPONSTAXES; CreditsTAXES; Gross Income Taxes

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced House Bill (H) · PDF

Full text

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