Indiana Senate Bill 419
Session 2023
State tax matters.
Became Law
Became Law on May 4, 2023
Sponsors
3 Sponsors
Travis Holdman
Scott Baldwin
Jeffrey Thompson
First Action
Jan 19, 2023
Latest Action
May 4, 2023
Origin Chamber
Senate
Type
Bill
Bill Number
419
State
Indiana
Session
2023
Senate votes are unavailable for this bill.
Summary
Changes the definition of "Internal Revenue Code" in the adjusted gross income tax law to mean the Internal Revenue Code of 1986 as amended and in effect on January 1, 2023. Makes certain changes regarding net operating losses for purposes of determinating state adjusted gross income. Provides that certain amounts for providing or expanding access to broadband service in Indiana may be subtracted from a taxpayer's state corporate adjusted gross income. Provides for successor liability for certain unpaid taxes following a business asset sale. Repeals an outdated provision requiring separate exemption certificates for manufacturers and wholesalers. Makes a clarifying change to the sales tax exemption that applies to power subsidiaries. Clarifies the acquisition date for purposes of adding back interest from tax exempt bonds issued by another state in determining Indiana adjusted gross income. Amends provisions regarding the exemption for certain income derived from patents. Provides that tax paid by an electing partnership is deposited in the state general fund. Makes clarifying changes and technical corrections to the affordable and workforce housing tax credit. Specifies the deposit and distribution of interest with respect to certain taxes. Authorizes the department of state revenue to publish or disclose the status of a governmental or nonprofit entity's sales tax exemption certificate. Provides that a person who knowingly or intentionally sells, purchases, installs, transfers, or possesses: (1) an automated sales suppression device or a zapper; or (2) phantom-ware; commits a class A misdemeanor, and increases the penalty if certain circumstances exist. Makes clarifying and technical corrections to provisions under the electronic cigarette tax. Makes certain changes to a provision contained in P.L.1-2023. Provides that an individual who is an Indiana resident and a member of a health care sharing ministry is entitled to an adjusted gross income tax deduction. Requires a taxpayer to: (1) deduct from the taxpayer's adjusted gross income for a taxable year the amount of specified research or experimental expenditures paid or incurred by the taxpayer during the taxable year; and (2) add to the taxpayer's adjusted gross income an amount equal to the deduction claimed under Section 174 of the Internal Revenue Code for the taxable year. Provides that certain transactions involving a person's acquisition of agricultural machinery, tools, or equipment are exempt from the application of the state gross retail tax. Provides that if an organization provides nonprofit agricultural organization insurance coverage, the organization is subject to a nonprofit agricultural organization health coverage tax unless the organization: (1) files a notice of election with the insurance commissioner and the commissioner of the department of state revenue on or before November 30 of a taxable year; and (2) states in the notice of election that the organization elects to be subject to state income tax for the taxable year. Provides that compensation received by an individual who: (1) is not a resident of Indiana; and (2) receives compensation for employment duties performed in Indiana for 30 days or less during the calendar year; is exempt from the adjusted gross income tax. Provides a sales tax exemption for certain components of a solar or wind energy system.
Enrolled Senate Bill (S)
April 27, 2023
Introduced Senate Bill (S)
January 18, 2023
Senate Bill (S)
February 21, 2023
Senate Bill (H)
April 6, 2023
Engrossed Senate Bill (H)
April 11, 2023
Fiscal Note: SB0419.05.ENRH.FN001
Sort by most recent
05/04/2023
Senate
Public Law 194
05/04/2023
Office of the Governor
Signed by the Governor
05/01/2023
House
Signed by the Speaker
04/28/2023
Senate
Signed by the President Pro Tempore
04/28/2023
Senate
Signed by the President of the Senate
04/27/2023
Senate
Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 505: yeas 49, nays 0
04/27/2023
House
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 533: yeas 95, nays 0
04/26/2023
House
CCR # 1 filed in the House
04/26/2023
Senate
CCR # 1 filed in the Senate
04/19/2023
House
House advisors appointed: Cherry, Snow, Smaltz, Greene and Hamilton
04/19/2023
House
House conferees appointed: Thompson and Porter
04/19/2023
Senate
Senate advisors appointed: Randolph Lonnie M and Baldwin
04/19/2023
Senate
Senate conferees appointed: Holdman and Melton
04/18/2023
Senate
Senate dissented from House amendments
04/18/2023
Senate
Motion to dissent filed
04/18/2023
House
Returned to the Senate with amendments
04/17/2023
House
Third reading: passed; Roll Call 435: yeas 96, nays 2
04/11/2023
House
Second reading: amended, ordered engrossed
04/11/2023
House
Amendment #2 (Thompson) prevailed; voice vote
04/06/2023
House
Committee report: amend do pass, adopted
04/03/2023
House
Representative Hamilton added as cosponsor
03/16/2023
House
Representative Porter added as cosponsor
03/06/2023
House
First reading: referred to Committee on Ways and Means
02/28/2023
Senate
Referred to the House
02/27/2023
Senate
Senator Randolph added as coauthor
02/27/2023
Senate
Cosponsor: Representative Cherry
02/27/2023
Senate
House sponsor: Representative Thompson
02/27/2023
Senate
Third reading: passed; Roll Call 174: yeas 49, nays 0
02/23/2023
Senate
Senator Baldwin added as second author
02/23/2023
Senate
Second reading: ordered engrossed
02/21/2023
Senate
Committee report: amend do pass, adopted
01/19/2023
Senate
First reading: referred to Committee on Tax and Fiscal Policy
01/19/2023
Senate
Authored by Senator Holdman
Sources
IN Legislature
Open States
Record Created
Jan 19, 2023 5:47:37 AM
Record Updated
Nov 22, 2023 9:33:13 AM