SB 357 IN
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Summary
Couples Indiana depreciation provisions with federal depreciation provisions under Section 179 of the Internal Revenue Code (Section 179). Increases the Section 179 threshold from $25,000 to $100,000 for Indiana adjusted gross income purposes. Makes technical changes.
Sponsors (2)
- Linda Rogers Republican · author
- Scott Baldwin Republican · author
1 coauthor / cosponsor
- Lonnie Randolph Democratic · coauthor
Action history (3)
- Jan 13, 2025 Authored by Senators Rogers and Baldwin · upper
- Jan 13, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
- Feb 17, 2025 Senator Randolph added as coauthor · upper
Subjects
AGENCIES; Department of Revenue (DOR)FEDERAL GOVERNMENT; GenerallyTAXES; Adjusted Gross Income Taxes
Full text
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