SB0357: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Page last updated: Sunday, April 20, 2025 at 7:33 PM (America/Indianapolis).

General Information

Stage: Introduced Senate Bill (S)
Current Chamber: senate
Origin Chamber: senate
Description: Accelerated depreciation.

Legislators

Authors (2)

Senator Linda Rogers (Republican)
Senator Scott Baldwin (Republican)

Coauthors (1)

Senator Lonnie Randolph (Democratic)

Sponsors (0)

Cosponsors (0)

Advisors (0)

Conferees (0)

Actions (3 total)

Feb 17, 2025, 1:42 PM: Senator Randolph added as coauthor
Jan 13, 2025, 7:03 AM: First reading: referred to Committee on Tax and Fiscal Policy
Jan 13, 2025, 7:03 AM: Authored by Senators Rogers and Baldwin

Digest

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.