Provides that the department of state revenue (department) shall only accept payment of employer withholding taxes that are made or withdrawn directly from the business account of the employer that is liable for withholding and remitting the tax. However, provides an exception from the requirement for employers that submit a waiver to the department. Specifies provisions for the waiver. Prohibits the department from accepting payment of employer withholding taxes that are made or withdrawn from the account of a third party withholding agent, or otherwise remitted by a third party withholding agent, on behalf of an employer, except in the case of an employer that has submitted a waiver. Defines "third party withholding agent". Requires each employer that is required to remit withholding taxes to provide to the department an authorization for reoccurring payment of taxes from the employer's business account that is designated by the employer on the department's online INtax system (INtax). Requires the department to automatically withdraw from the employer's business account the amount of tax withholdings that are reported as due and owing on the taxpayer's Form WH-1 report. Requires the department to provide periodic notice to each employer through INtax of: (1) the date on which the employer's Form WH-1 report is received by the department; and (2) the date on which the department has automatically withdrawn any amount of tax from the employer's business account. However, provides an exception from these requirements for employers that submit a waiver to the department.
Sponsored bills
Amends provisions that allow a certified technology park to capture an additional amount of incremental income taxes once it has reached its limit on deposits to do the following: (1) Increase the annual additional deposit amount from $100,000 to $500,000, and cap the total additional amount that may be captured at not more than $2,000,000. (2) Require a certified technology park to meet certain reporting and performance requirements in order to be eligible to capture the additional amount of incremental income taxes.
Provides the following effective July 1, 2021: (1) Authorizes the Indiana destination development corporation (corporation) to employ a film commissioner. (2) Authorizes the corporation to establish a film and media production incentive program. Requires the corporation, in coordination with the office of management and budget, to provide a report to the interim study committee on fiscal policy concerning: (1) film and media production incentives offered in other states; and (2) a recommendation on the type of incentive that should be offered in Indiana.
A CONCURRENT RESOLUTION encouraging education and the use of Safe Haven Baby Boxes in Indiana.
A CONCURRENT RESOLUTION honoring Beverly Brown upon her retirement from the Indiana Senate.
A CONCURRENT RESOLUTION honoring Indiana University in recognition of its Bicentennial Anniversary on January 20, 2020.
A SENATE RESOLUTION urging the legislative council to assign to an appropriate study committee the topic of the potential dangers of cyber-hacking in state government, specifically the use of ransomware.
Modifies the date to after June 30, 2020, when the graduated wagering tax is lowered for riverboats that receive less than $75,000,000 of adjusted gross receipts during the preceding state fiscal year. Provides that the auditor of state shall distribute certain tax revenue deposited in the state gaming fund to certain cities based on whether the riverboat in the city received less than $75,000,000 in adjusted gross receipts in the preceding state fiscal year or received at least $75,000,000 in adjusted gross receipts in the preceding state fiscal year. Extends the provision until June 30, 2022, that requires the amount of wagering taxes that would be distributed to South Bend to be deposited as being received from all riverboats whose supplemental wagering taxes are over 3.5% and distributed in the same manner as the supplemental wagering tax. Provides that LaPorte County is entitled to a supplemental distribution in each year that Michigan City receives a supplement distribution that is equal to 40% of the amount that Michigan City receives. Provides that the general assembly encourages racinos to provide hold harmless funds to units in which riverboats operate to compensate for their losses due to wagering on table games.
Removes a provision in the statute governing state chartered credit unions that limits the total amount of public funds that may be deposited by state and county governments and political subdivisions in a state chartered credit union to 20% of the total assets of the credit union not including such public funds.
A SENATE RESOLUTION honoring Senator Randy Head upon his retirement from the Indiana Senate.