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DIGEST OF INTRODUCED BILL
Indiana college graduate employment credit. Provides a nonrefundable adjusted gross income tax credit of up to $1,000 for a taxpayer who: (1) graduates from an Indiana institution of higher education after December 31, 2013; and (2) resides and is employed in Indiana for any part of a taxable year. Provides that the amount of the credit for a taxable year is based on the number of months in which the taxpayer resides and is employed in Indiana. Provides that a taxpayer's eligibility for the credit ends when the taxpayer: (1) has received the credit for 10 consecutive years; or (2) no longer resides or remains employed in Indiana; whichever occurs first.