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House Bill 1601

House Bill 1601

ARCHIVE (2005)

Latest Information

DIGEST OF HB1601 (Updated February 24, 2005 6:12 pm - DI 84)

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 adjusted gross income taxation, regardless of whether the limited partnership's commercial domicile is in Indiana.
Current Status:
Passed 2nd reading - first House
Latest Printing (PDF)