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Issue · Budget & Taxes

Budget & Taxes (Revenue)

Every budget & taxes bill, vote, and legislator stance in Indiana, automatically classified by Maddy, our AI policy reader.

IN Legislature US Congress
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1
2026 Regular Session
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passed · Indiana · Senate Jan 28, 2026

SB 213: Income tax deduction for theft loss.

Provides an income tax deduction for theft losses that result from certain financial transactions induced by third parties and that cause the individual to incur federal gross income as a result of the theft. Requires the department of state revenue to first certify the theft loss deduction before a taxpayer may claim the deduction in a taxable year.
Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates a new tax deduction, reducing state tax revenue and weakening the tax base, directly opposing fiscal strengthening.85% confidence
Sub-Topics Income Tax Revenue