SB 407 Indiana Senate · 2025 Regular Session

Tax credit for employer guard and reserve expenses.

Summary

Establishes a tax credit for a taxpayer that employs a member of a reserve component of the armed forces of the United States or the Indiana National Guard. Requires the taxpayer to submit certain information to the department of state revenue to claim the credit.

Sub-Topics: Revenue National Guard & Reserve

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2025 Last action Jan 29, 2025

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What changed between versions

Introduced Senate Bill (S) → Senate Bill (S) · 4 edits

MODERATE

The bill text was updated from an introduced version to a revised Senate Bill version with updated dates and committee assignments. The digest section was modified to reflect the bill's current status and affected citations. The primary changes appear to be procedural updates rather than substantive policy modifications.

TECHNICAL

Updated bill title from 'Introduced Senate Bill' to 'Senate Bill' with revised bill number formatting (SB0407.1) and updated digest date to January 28, 2025.

Changed affected citations from 'IC 6-3.1-41' to 'IC 6-3.1; noncode' to reflect current legislative indexing.

Updated bill header information to reflect January 29, 2025 introduction date and revised document identification numbers.

TIMELINE

Added January 28, 2025 report date showing favorable committee action with reassignment to Committee on Tax and Fiscal Policy.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 28, 2025

Upper · Passed

Committee report: do pass adopted; reassigned to Committee on Tax and Fiscal Policy

upper

2 primary · 2 co-sponsors