summary
Introduced
01/13/2025
01/13/2025
In Committee
01/13/2025
01/13/2025
Crossed Over
Passed
Dead
04/24/2025
04/24/2025
Introduced Session
2025 Regular Session
Bill Summary
State revenue and expenditure information. 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.
AI Summary
This bill requires the Indiana Department of State Revenue to send a detailed, two-page letter in hard copy to every Indiana taxpayer who filed a state tax return and had a state tax liability of at least $1 in the previous year. The letter must include specific financial information such as the total state income tax paid by the taxpayer, any changes to the state income tax rate in the past two years, a summary of state income tax revenues categorized by source, a summary of expenditures funded by income tax revenues, a proportional breakdown of how the taxpayer's income tax dollars were or will be spent, and any additional objective information that helps educate the taxpayer about the state's budget and fiscal health. This requirement is part of a broader effort to increase transparency in state taxation and spending, complementing an existing web-based system that allows taxpayers to estimate how their tax dollars are allocated across various state spending categories like public education, social services, infrastructure, and criminal justice. The bill is set to take effect on July 1, 2025, and applies to taxable years beginning after December 31, 2024, with provisions expiring on December 31, 2028.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
First reading: referred to Committee on Ways and Means (on 01/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://iga.in.gov/legislative/2025/bills/house/1270/details |
| Fiscal Note #1: Introduced | https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1270/fiscal-notes/HB1270.01.INTR.FN001.pdf |
| BillText | https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1270/HB1270.01.INTR.pdf |
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