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SB 250 IN

Short line railroad tax credit.

IN · session 2023 · Senate · bill

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Introduced Jan 11, 2023

Latest action (Feb 2, 2023) Senator Crider added as second author

Summary

Allows a taxpayer to claim a credit against state income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures. Specifies the amount of the credit. Limits the total amount of credits that may be allowed in a state fiscal year to: (1) $9,500,000 for qualified railroad expenditures; and (2) $10,000,000 for qualified new rail infrastructure expenditures.

Sponsors (2)

Action history (3)
  1. Jan 11, 2023 Authored by Senator Doriot · upper
  2. Jan 11, 2023 First reading: referred to Committee on Appropriations · upper
  3. Feb 2, 2023 Senator Crider added as second author · upper
Subjects
INCOME TAXES, CreditsRAILROADS

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 Senate Bill (S) · Jan 11, 2023 · PDF

Full text

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