SB0497: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 7:56 PM (America/Indianapolis).
General Information
- Stage: Senate Bill (H)
- Current Chamber: house
- Origin Chamber: senate
- Description: Tax credit for newborn children.
Legislators
Authors (3)
Coauthors (12)
- Senator Travis Holdman (Republican)
- Senator Tyler Johnson (Republican)
- Senator Linda Rogers (Republican)
- Senator Fady Qaddoura (Democratic)
- Senator Rick Niemeyer (Republican)
- Senator David Niezgodski (Democratic)
- Senator Andrea Hunley (Democratic)
- Senator Lonnie Randolph (Democratic)
- Senator Ron Alting (Republican)
- Senator Spencer Deery (Republican)
- Senator Blake Doriot (Republican)
- Senator Shelli Yoder (Democratic)
Sponsors (1)
Cosponsors (3)
Advisors (0)
Conferees (0)
Actions (22 total)
- Mar 3, 2025, 7:22 AM: First reading: referred to Committee on Ways and Means
- Feb 21, 2025, 3:46 AM: Referred to the House
- Feb 20, 2025, 9:10 AM: Cosponsors: Representatives Clere, Heaton, Lauer
- Feb 20, 2025, 9:10 AM: House sponsor: Representative Goss-Reaves
- Feb 20, 2025, 9:03 AM: Third reading: passed; Roll Call 207: yeas 47, nays 0
- Feb 17, 2025, 1:45 PM: Senator Yoder added as coauthor
- Feb 17, 2025, 1:45 PM: Senator Doriot added as coauthor
- Feb 17, 2025, 1:45 PM: Senator Deery added as coauthor
- Feb 17, 2025, 1:45 PM: Senator Pol added as third author
- Feb 17, 2025, 1:45 PM: Senator Pol removed as coauthor
- Feb 13, 2025, 11:57 AM: Senator Pol added as coauthor
- Feb 13, 2025, 11:57 AM: Senator Alting added as coauthor
- Feb 13, 2025, 10:56 AM: Second reading: ordered engrossed
- Feb 11, 2025, 11:11 AM: Senator Randolph added as coauthor
- Feb 11, 2025, 11:11 AM: Senator Hunley added as coauthor
- Feb 11, 2025, 8:41 AM: Committee report: amend do pass, adopted
- Feb 6, 2025, 1:34 PM: Senator Niezgodski added as coauthor
- Feb 6, 2025, 1:33 PM: Senator Niemeyer added as coauthor
- Feb 6, 2025, 1:33 PM: Senators Holdman, Johnson T, Rogers, Qaddoura added as coauthors
- Jan 16, 2025, 6:33 AM: Senator Donato added as second author
- Jan 14, 2025, 5:59 AM: First reading: referred to Committee on Tax and Fiscal Policy
- Jan 14, 2025, 5:59 AM: Authored by Senator Walker G
Digest
Establishes a tax credit for newborn children, which an eligible taxpayer may claim only in the first taxable year in which a particular newborn child is eligible for the exemption allowed under specified provisions of the Internal Revenue Code. Defines "eligible taxpayer". Provides that the amount of the credit is $500 per newborn child, or $250 per eligible newborn child in the case of a married individual filing a separate return. Prorates the credit in the case of a resident taxpayer residing in Indiana for a period of less than the taxpayer's entire taxable year. Limits the total amount of credits that may be awarded in a calendar year to $10,000. Provides for the expiration of the credit.