2023 Regular Session • Indiana Legislature
HB1618: Exemption for new business personal property.
Legislative Summary
Exemption for new business personal property. Provides that for business personal property purchased after December 31, 2023, the total acquisition cost of a taxpayer's total business personal property in a county for an assessment date is exempt from taxation.
Bill History
1/19/2023
Coauthored by Representatives Morrison, Sweet and Hostettler
House of Representatives
1/19/2023
Authored by Representative Payne
House of Representatives
1/19/2023
First reading: referred to Committee on Ways and Means
House of Representatives
Status Information
Current Status
Introduced(1/19/2023)
Chamber
House of Representatives
Committee
Ways and Means(House of Representatives)
Sine DiePrior Session
Sponsors
Republican: 4
Primary Sponsor
Zach Payne
Republican