2025 Regular Session • Indiana Legislature
SB0407: Tax credit for employer guard and reserve expenses.
Legislative Summary
Tax credit for employer guard and reserve expenses. Establishes a tax credit for a taxpayer that employs a member of a reserve component of the armed forces of the United States or the Indiana National Guard. Requires the taxpayer to submit certain information to the department of state revenue to claim the credit.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
1/13/2025
Authored by Senator Pol
Senate
1/13/2025
First reading: referred to Committee on Veterans Affairs and The Military
Senate
1/23/2025
Senator Tomes added as second author
Senate
1/28/2025
Committee report: do pass adopted; reassigned to Committee on Tax and Fiscal Policy
Senate
1/29/2025
Senators Doriot and Maxwell added as coauthors
Senate
Status Information
Current Status
Introduced(1/13/2025)
Chamber
Senate
Committee
Tax and Fiscal Policy(Senate)
Sponsors
Democrat: 1
Republican: 3
Primary Sponsor
Rodney Pol
Democrat