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House Bill 1608

Introduced House Bill (H)

Authored by

Co-Authored by

  • The portrait of Rep. Ben Smaltz
    Rep. Ben Smaltz

    Author

  • The portrait of Rep. Harold Slager
    Rep. Harold Slager

    Co-Author

DIGEST

Deduction for investment interest. Allows an individual to subtract investment interest payments in the calculation of the individual's Indiana adjusted gross income if the investment interest payments are: (1) made with respect to tangible property held for investment in Indiana; and (2) deducted from federal adjusted gross income for federal income tax purposes. Deduction for investment interest. Allows an individual to subtract investment interest payments in the calculation of the individual's Indiana adjusted gross income if the investment interest payments are: (1) made with respect to tangible property held for investment in Indiana; and (2) deducted from federal adjusted gross income for federal income tax purposes.