HB1550: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 7:16 PM (America/Indianapolis).
General Information
- Stage: Introduced House Bill (H)
- Current Chamber: house
- Origin Chamber: house
- Description: Personal exemptions.
Legislators
Authors (1)
Coauthors (1)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (3 total)
- Jan 21, 2025, 11:30 AM: First reading: referred to Committee on Ways and Means
- Jan 21, 2025, 11:30 AM: Authored by Representative Jackson
- Jan 21, 2025, 11:30 AM: Coauthored by Representative Porter
Digest
Increases the personal exemption to $1,500 in the definition of "adjusted gross income" for a taxpayer, or, in the case of a joint return, for each spouse. Increases the exemption for dependents to $1,500. Increases the exemption to $1,500 for the spouse of the taxpayer if a separate return is made by the taxpayer and the spouse and if the spouse had no gross income for the calendar year.