Indiana 2024 Regular Session

Indiana House Bill HB1144 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	HOUSE BILL No. 1144
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-3.1-41.
7	7	Synopsis: Income tax credit for firearms safety expenses. Provides a
8	8	state income tax credit for expenses incurred to receive qualified
9	9	firearms instruction or to purchase a qualified firearms storage device.
10	10	Provides that the tax credit is equal to the amount of the incurred
11	11	expenses. Provides that the maximum amount allowed as a tax credit
12	12	is $300 for individuals filing single returns or $600 for married couples
13	13	filing joint returns. Provides that a tax credit may not exceed the
14	14	taxpayer's state income tax liability. Provides that a taxpayer is not
15	15	entitled to a carryover, carryback, or refund of any unused tax credit.
16	16	Effective: July 1, 2024.
17	17	Lucas
18	18	January 8, 2024, read first time and referred to Committee on Ways and Means.
19	19	2024 IN 1144—LS 6375/DI 134 Introduced
20	20	Second Regular Session of the 123rd General Assembly (2024)
21	21	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
22	22	Constitution) is being amended, the text of the existing provision will appear in this style type,
23	23	additions will appear in this style type, and deletions will appear in this style type.
24	24	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
25	25	provision adopted), the text of the new provision will appear in this style type. Also, the
26	26	word NEW will appear in that style type in the introductory clause of each SECTION that adds
27	27	a new provision to the Indiana Code or the Indiana Constitution.
28	28	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
29	29	between statutes enacted by the 2023 Regular Session of the General Assembly.
30	30	HOUSE BILL No. 1144
31	31	A BILL FOR AN ACT to amend the Indiana Code concerning
32	32	taxation.
33	33	Be it enacted by the General Assembly of the State of Indiana:
34	34	1 SECTION 1. IC 6-3.1-41 IS ADDED TO THE INDIANA CODE
35	35	2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
36	36	3 JULY 1, 2024]:
37	37	4 Chapter 41. Income Tax Credit for Firearms Safety Expenses
38	38	5 Sec. 1. This chapter applies to taxable years beginning after
39	39	6 December 31, 2024.
40	40	7 Sec. 2. As used in this chapter, "firearms safety expenses" refers
41	41	8 to the following:
42	42	9 (1) Tuition or any other fee paid by a taxpayer to receive
43	43	10 qualified firearms instruction.
44	44	11 (2) The purchase price of a qualified firearms storage device.
45	45	12 Sec. 3. As used in this chapter, "qualified firearms instruction"
46	46	13 means a firearms safety course taught by an instructor certified to
47	47	14 teach firearms safety by the National Rifle Association.
48	48	15 Sec. 4. As used in this chapter, "qualified firearms storage
49	49	16 device" refers to the following:
50	50	17 (1) A safe, lockbox, cabinet, or other container designed to
51	51	2024 IN 1144—LS 6375/DI 134 2
52	52	1 store firearms securely by restricting access to the firearms
53	53	2 by a locking device.
54	54	3 (2) A locking device that, when installed on a firearm, is
55	55	4 designed to prevent the firearm from being operated without
56	56	5 first deactivating the device.
57	57	6 Sec. 5. As used in this chapter, "state income tax liability"
58	58	7 means a taxpayer's adjusted gross income tax liability under
59	59	8 IC 6-3.
60	60	9 Sec. 6. As used in this chapter, "taxpayer" means:
61	61	10 (1) an individual filing a single return; or
62	62	11 (2) a married couple filing a joint return.
63	63	12 Sec. 7. (a) Subject to subsections (b) and (c), a taxpayer is
64	64	13 entitled to a credit against the taxpayer's state income tax liability
65	65	14 in a taxable year equal to the total amount of firearms safety
66	66	15 expenses incurred by the taxpayer in that taxable year.
67	67	16 (b) The maximum amount allowed as a credit under this section
68	68	17 is:
69	69	18 (1) three hundred dollars ($300), in the case of an individual
70	70	19 filing a single return; or
71	71	20 (2) six hundred dollars ($600), in the case of a married couple
72	72	21 filing a joint return.
73	73	22 (c) A credit awarded under this chapter may not exceed the
74	74	23 taxpayer's state income tax liability.
75	75	24 Sec. 8. To obtain a credit under this chapter, a taxpayer must
76	76	25 claim the credit in the manner prescribed by the department. The
77	77	26 taxpayer shall submit to the department proof of the taxpayer's
78	78	27 firearms safety expenses and all information that the department
79	79	28 determines is necessary for the calculation of the credit provided
80	80	29 by this chapter.
81	81	30 Sec. 9. A taxpayer is not entitled to any carryover, carryback,
82	82	31 or refund of any unused credit.
83	83	2024 IN 1144—LS 6375/DI 134