SB 407 IN
Tax credit for employer guard and reserve expenses.
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Summary
Establishes a tax credit for a taxpayer that employs a member of a reserve component of the armed forces of the United States or the Indiana National Guard. Requires the taxpayer to submit certain information to the department of state revenue to claim the credit.
Sponsors (2)
- Rodney Pol Democratic · author
- James Tomes Republican · author
2 coauthors / cosponsors
- Blake Doriot Republican · coauthor
- Randy Maxwell Republican · coauthor
Action history (5)
- Jan 13, 2025 First reading: referred to Committee on Veterans Affairs and The Military · upper
- Jan 13, 2025 Authored by Senator Pol · upper
- Jan 23, 2025 Senator Tomes added as second author · upper
- Jan 28, 2025 Committee report: do pass adopted; reassigned to Committee on Tax and Fiscal Policy · upper
- Jan 29, 2025 Senators Doriot and Maxwell added as coauthors · upper
Subjects
AGENCIES; Department of Revenue (DOR)ARMED FORCES; ServicemembersBUSINESS ORGANIZATIONS AND ASSOCIATIONS; GenerallyLABOR AND EMPLOYMENT; GenerallyTAXES; Credits
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