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Engrossed Senate Bill (S)

DIGEST

Various tax matters. Removes references to an out-of-state merchant's collection of the state use tax. (Under current law, an out-of-state merchant is required to collect the state gross retail tax (not the use tax) on retail transactions made in Indiana if certain threshold conditions are met.) Requires the state GIS officer, in coordination with the office of technology and the management performance hub, to establish a geographic information system with parcel level data for each county that may be used by the department of state revenue's tax system. Requires each county to periodically submit certain date to the GIS officer. Makes Various tax matters. Removes references to an out-of-state merchant's collection of the state use tax. (Under current law, an out-of-state merchant is required to collect the state gross retail tax (not the use tax) on retail transactions made in Indiana if certain threshold conditions are met.) Requires the state GIS officer, in coordination with the office of technology and the management performance hub, to establish a geographic information system with parcel level data for each county that may be used by the department of state revenue's tax system. Requires each county to periodically submit certain date to the GIS officer. Makes clarifying and technical changes to the definitions of "bundled transaction", "unitary transaction", and "gross retail income" in the state sales tax statute, and "adjusted gross receipts" in the sports wagering statute. Removes outdated references to the gross income tax and adjusted gross income tax. Makes a technical correction in the gasoline use tax statute. Clarifies the allowable state income tax deductions and credits for a married individual filing a separate return. Imposes a tax on the first payment of prize money related to a racing event at the Indianapolis Motor Speedway and requires the entity that makes payment of the prize money to withhold and remit the tax to the department of state revenue. Specifies the amount of the tax and provides related provisions that apply to the recipients of the prize money. Provides that a taxpayer is entitled to claim a historic rehabilitation tax credit granted for a year other than the year in which the preservation or rehabilitation of the historic property was performed and certification provided, notwithstanding the expiration of the historic rehabilitation tax credit chapter on January 1, 2019, and the cap on the amount of credits allowed in a state fiscal year beginning after June 30, 2016. Defines "loans arising in factoring" under the financial institutions tax statute. Specifies the duties of the department of state revenue's motor carrier service division. Removes obsolete provisions related to transporting gasoline or special fuel. Eliminates a redundant penalty provision for failure to file a quarterly motor carrier fuel tax report (this penalty is currently assessed and calculated under the penalty provisions of the International Fuel Tax Agreement as set forth in another section of the Indiana Code). Allows a taxpayer to request a secondary review of adjustments to tax attributes in certain circumstances. Makes clarifying changes to the statute of limitations for tax assessments and tax refunds. Extends the statute of limitations for assessments for certain partners and partnerships. Extends the statute of limitations to allow a refund of state and local income tax with regard to veterans' disability severance payments that were determined to qualify for a refund of federal income tax under the Combat-Injured Veterans Tax Fairness Act of 2016. Revises the penalty provisions related to returned or dishonored checks made to the department of state revenue. Expands the functions of the taxpayer rights advocate office within the department of state revenue. Repeals the state revenue pilot program fund. Provides that any money in the state revenue pilot program fund before its repeal is transferred to the motor carrier regulation fund. Amends the definition of "seller" under the enhanced prepaid wireless charge statute to include a marketplace facilitator. Makes conforming changes. ... View more