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House Bill 1432


House Bill 1432

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


Taxation of nonresident limited partners. Provides that income received by a nonresident limited partner from a limited partnership engaged exclusively in buying, selling, dealing in, or holding securities on the limited partnership's own behalf is not subject to Indiana adjusted gross income tax, regardless of whether the limited partnership's commercial domicile is in Indiana.
Current Status:
 In Committee - first House
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