HB 1550 Indiana House · 2025 Regular Session

Personal exemptions.

Summary
Increases the personal exemption to $1,500 in the definition of "adjusted gross income" for a taxpayer, or, in the case of a joint return, for each spouse. Increases the exemption for dependents to $1,500. Increases the exemption to $1,500 for the spouse of the taxpayer if a separate return is made by the taxpayer and the spouse and if the spouse had no gross income for the calendar year.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025 Last action Jan 21, 2025
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1 primary · 1 co-sponsor

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