House Bill 1226
Introduced House Bill (H)
DIGEST
Tax matters. Provides refundable credits against the individual income tax in the following amounts: (1) $200 for individuals filing a single return. (2) $400 for married couples filing joint returns. Provides that the credits apply to taxable years beginning after December 31, 2021. Imposes an Indiana estate tax on a decedent's Indiana taxable estate if the value of the decedent's gross estate is at least $2,000,000. Provides that the Indiana estate tax applies to the estate of a decedent who dies after December 31, 2019. Provides that the tax equals 20% of the decedent's Indiana taxable estate. Provides that otherwise
Tax matters. Provides refundable credits against the individual income tax in the following amounts: (1) $200 for individuals filing a single return. (2) $400 for married couples filing joint returns. Provides that the credits apply to taxable years beginning after December 31, 2021. Imposes an Indiana estate tax on a decedent's Indiana taxable estate if the value of the decedent's gross estate is at least $2,000,000. Provides that the Indiana estate tax applies to the estate of a decedent who dies after December 31, 2019. Provides that the tax equals 20% of the decedent's Indiana taxable estate. Provides that otherwise
tax exempt bonds are subject to the Indiana estate tax.
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