2025 Regular Session • Indiana Legislature
HB1603: Credit for automobile loan interest expenses.
Legislative Summary
Credit for automobile loan interest expenses. Provides a nonrefundable state income tax credit to an individual for interest paid on an outstanding loan or lease agreement for a personal motor vehicle during a taxable year.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/21/2025
Authored by Representative Johnson B
House of Representatives
1/21/2025
First reading: referred to Committee on Ways and Means
House of Representatives
Status Information
Current Status
Introduced(1/21/2025)
Chamber
House of Representatives
Committee
Ways and Means(House of Representatives)
Sponsors
Democrat: 1
Primary Sponsor
Blake Johnson
Democrat