Proposed Indiana Firearm Legislation HB1347
Legislation Overview
Title: Income tax credit for firearms safety expenses.
Subject: WEAPONS: INCOME TAXES, Credits
Description: Income tax credit for firearms safety expenses. Provides a state income tax credit for expenses incurred to receive qualified firearms instruction or to purchase a qualified firearms storage device. Provides that the tax credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a tax credit is $300 for individuals filing single returns or $600 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any unused tax credit.
Session: 2023 Regular Session
Last Action: First reading: referred to Committee on Ways and Means
Last Action Date: January 17, 2023
Sponsors
Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.
4 sponsors: Jim Lucas (R); Ben Smaltz (R); Steve Bartels (R); Heath VanNatter (R);
Percentage of House Of Representatives sponsoring bill: 4% (4 of 100)
History
| Chamber | Date | Action |
| House | Jan 17, 2023 | Coauthored by Representatives Smaltz, Bartels, VanNatter |
| House | Jan 17, 2023 | Authored by Representative Lucas |
| House | Jan 17, 2023 | First reading: referred to Committee on Ways and Means |
Texts
| Type | Date | State Link | Text |
| Introduced | Jan 17, 2023 | state link | bill text |
Amendments
| Title | Description | Date | State Link | Text | Adopted |
| There are no amendments to this bill at this time | |||||
Votes - Click on description to view vote roll call
There have not been any votes on this bill
Link: link to state bill page
