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Senate Bill 0413


Senate Bill 0413

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


Tax deduction for sale of Indiana businesses. Provides an adjusted gross income tax deduction for income derived from the sale of an ownership interest in a high growth Indiana business held for at least one year by certain Indiana taxpayers. Specifies that the maximum deduction amount is $5,000,000.
    Current Status:
     In Committee - first House
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