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House Bill 1214


House Bill 1214

ARCHIVE (2000)

Latest Information

 

DIGEST OF HB1214 (Updated March 1, 2000 4:00 PM - DI 84)


Research and development tax credits. Modifies the research expense tax credit by repealing the apportionment limit. Requires a statement to be filed with the department of commerce setting forth the amount of research and expense income tax credit claimed. (For a taxpayer with income apportioned to Indiana, this provision currently limits the credit to the lesser of the taxpayer's Indiana qualified research expenses or its apportioned research expenses for the year. This bill would provide that a taxpayer's credit is based solely on the taxpayer's Indiana qualified research expenses.)
Current Status:
 Signed by President of Senate
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