Greg Walker
- Republican
- Senator
- District 41
Author
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.
First reading: referred to Committee on Ways and Means
Referred to the House
House sponsor: Representative Goss-Reaves
Third reading: passed; Roll Call 207: yeas 47, nays 0
Cosponsors: Representatives Clere, Heaton, Lauer
Senator Deery added as coauthor
Senator Pol removed as coauthor
Senator Yoder added as coauthor
Senator Pol added as third author
Senator Doriot added as coauthor
Senator Alting added as coauthor
Senator Pol added as coauthor
Second reading: ordered engrossed
Senator Hunley added as coauthor
Committee report: amend do pass, adopted
Senator Randolph added as coauthor
Senators Holdman, Johnson T, Rogers, Qaddoura added as coauthors
Senator Niemeyer added as coauthor
Senator Niezgodski added as coauthor
Senator Donato added as second author
Authored by Senator Walker G
First reading: referred to Committee on Tax and Fiscal Policy
| Bill Text Versions | Format |
|---|---|
| Senate Bill (H) | |
| Introduced Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0497.02.COMS.FN003 | |
| Fiscal Note: SB0497.02.COMS.FN002 | |
| Fiscal Note: SB0497.02.COMS.FN001 |
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