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House Bill 1332


House Bill 1332

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


Tax incentives. Exempts purchases of research and development equipment from sales tax. Provides that, for purposes of the Indiana adjusted gross income tax, business income is apportioned based on the sales factor. Eliminates the property factor and payroll factor that are currently also used in apportioning income. Makes the research expense income tax credit permanent.
Current Status:
 In Committee - first House
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