Introduced Senate Bill (S)

Authored by

DIGEST

Indiana work opportunity tax credit. Provides that a taxpayer is entitled to the Indiana work opportunity tax credit against state tax liability for wages paid by the taxpayer during a taxable year beginning after December 31, 2017, and before January 1, 2023, to an individual who: (1) is a member of the Indiana National Guard or a reserve component of the armed forces; (2) is hired by the taxpayer after June 30, 2017; and (3) is employed by the taxpayer during the taxable year. Specifies that for each individual for whom the taxpayer may claim a credit, the amount of Indiana work opportunity tax credit. Provides that a taxpayer is entitled to the Indiana work opportunity tax credit against state tax liability for wages paid by the taxpayer during a taxable year beginning after December 31, 2017, and before January 1, 2023, to an individual who: (1) is a member of the Indiana National Guard or a reserve component of the armed forces; (2) is hired by the taxpayer after June 30, 2017; and (3) is employed by the taxpayer during the taxable year. Specifies that for each individual for whom the taxpayer may claim a credit, the amount of the credit is: (1) $2,000 if the taxpayer is a for-profit entity; or (2) $1,500 if the taxpayer is a nonprofit entity. ... View more