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Senate Bill 23

Enrolled Senate Bill (S)

DIGEST

Technical corrections. Repeals conflicting provisions contained in HEA 1019-2015 (Common construction wage and public works) concerning applicability of the requirements in HEA 1019-2015. The provisions that would be repealed were added by HEA 1019-2015 and repealed by SEA 441-2015 during the 2015 legislative session. Clarifies that the principal amount of money contributed by an employer to a medical care savings account (MSA) for which no state or federal tax exemption for the employee applies may be withdrawn from the MSA account for any purpose without the employee incurring taxable income based on the principal contribution. Provides a resolution to the Technical corrections. Repeals conflicting provisions contained in HEA 1019-2015 (Common construction wage and public works) concerning applicability of the requirements in HEA 1019-2015. The provisions that would be repealed were added by HEA 1019-2015 and repealed by SEA 441-2015 during the 2015 legislative session. Clarifies that the principal amount of money contributed by an employer to a medical care savings account (MSA) for which no state or federal tax exemption for the employee applies may be withdrawn from the MSA account for any purpose without the employee incurring taxable income based on the principal contribution. Provides a resolution to the conflicts in IC 4-35-7-12 that were caused by four laws enacted during the 2015 Legislative Session. Specifies the following resolution for the two conflicts that were substantive in nature (HEA 1540-2015 and HEA 1001-2015): (1) That the term "slot machine" wagering is stricken in favor of "gambling game" wagering (the HEA 1540-2015 version). (2) That $150,000 is to be annually deposited into the gaming integrity fund to pay the cost of taking and analyzing equine specimens instead of being distributed to the horse racing industry (the HEA 1001-2015 version). Incorporates the changes that became law that were not in substantive conflict. Corrects a reference in the definition of corporate adjusted gross income to incorporate a change made in SEA 441-2015 that changed the term directly related intangible interest expenses to be directly related interest expenses. Makes technical corrections and conforming changes to SEA 441-2015. (The introduced version of this bill was prepared by the code revision commission.) ... View more