State revenue and expenditure information.
Summary
Requires the department of state revenue (department) to, within a reasonable time after the filing of an Indiana tax return by a taxpayer, issue a letter in hard copy form to every taxpayer who: (1) filed an Indiana tax return for the previous taxable year; and (2) had a state tax liability of at least $1 for the previous taxable year. Provides that the letter must not exceed two pages and must include: (1) the amount of total state income tax the taxpayer remitted for the previous taxable year; (2) information regarding any change to the state income tax rate that occurred over the previous two taxable years; (3) a summary, categorized by revenue source, of income tax revenues received by the state during the previous taxable year; (4) a summary, categorized by expenditure type, of expenditures funded by income tax revenues during the previous taxable year; (5) a proportional categorized breakdown showing an estimate of how the taxpayer's income tax dollars remitted for the previous taxable year were or will be spent; and (6) any other objective information the department determines appropriate in helping to educate the taxpayer about the state's budget, spending, or fiscal wellness. Requires the state comptroller to provide the department assistance with any data or records necessary for the department to prepare the letter.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025
Last action Jan 13, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
0
1 primary · 1 co-sponsor
Sponsors
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