A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Plain English: This amendment makes various unspecified changes to the Indiana Code concerning taxation.

• The exact nature of the changes is not specified in the provided text.

• The official amendment text does not provide specific details about what changes are being made, making it impossible to describe the concrete changes.

Plain English: The amendment aims to gradually reduce and eventually eliminate the penny from Indiana's tax system.

• Gradually phases out the use of pennies in calculating taxes over a period of time.

• The exact timeline for phasing out pennies is not specified in the provided text, making it unclear how quickly this change would occur.

Plain English: This amendment would add a new deduction for state income taxes in Indiana.

• Adds a new section to the Indiana Code allowing taxpayers to claim an additional deduction on their state income tax returns.

• The official text does not specify what kind of deduction it is or who qualifies for it, making it hard to explain further details.

Plain English: This amendment would change how Indiana taxes certain income by phasing out the penny deduction and modifying tax deductions for individuals.

• Phases out the penny deduction over time, which affects how much state income tax some people pay.
• Modifies rules about tax deductions that individuals can claim on their state income tax returns.

• The exact details of how the phaseout and modifications will work are not fully explained in the provided text.

Plain English: This amendment would add a new section to the Indiana Code that requires gambling winnings to be withheld for tax purposes.

• Adds a new section to the Indiana Code requiring gambling winnings to be subject to income withholding.

• The exact details of how gambling winnings will be withheld and reported are not specified in this amendment text, which may require additional clarification or legislation.

Plain English: This amendment would add a new section to the Indiana Code that requires gambling winnings to be withheld for tax purposes.

• Adds a new section to the Indiana Code requiring gambling winnings to be subject to income withholding.

• The exact details of how gambling winnings will be withheld and reported are not specified in this amendment text, so further legislation or regulations would likely be needed to implement these requirements.

Plain English: This amendment aims to modify the Indiana Code regarding taxation, but does not provide specific details about what changes it intends to make.

• The exact nature of the change is unclear from the provided text.

• The official amendment text does not specify the concrete changes or updates to the Indiana Code concerning taxation.

Plain English: This amendment changes how Indiana taxes certain businesses by altering the tax rate for specific companies.

• Modifies the tax rate for a particular group of businesses under Indiana's taxation laws.

• The official text does not provide enough details to explain exactly which businesses are affected or what the new tax rate will be.
• Further information is needed to understand the full impact and specifics of this amendment.

Plain English: This amendment would change how Indiana taxes certain businesses by altering the tax rate or rules for specific companies.

• The amendment modifies the way certain businesses are taxed in Indiana, but it does not specify which businesses or what changes will be made to their taxation.

• The official text of the amendment is incomplete and does not provide enough details about which specific businesses would be affected or how their tax situation would change.
• Without more information, it's unclear if this amendment aims to increase or decrease taxes for certain companies.

Plain English: This amendment changes how Indiana taxes certain businesses by altering the rules for calculating tax credits.

• Modifies the way tax credits are calculated for specific businesses in Indiana.

• The official text does not provide enough details to explain exactly which businesses or what specific changes will be made to the tax credit calculation process.

Plain English: This amendment would change how Indiana taxes certain businesses by altering the rules for calculating tax credits.

• Modifies the way tax credits are calculated for specific businesses in Indiana.

• The official text does not provide enough details to explain exactly which businesses or what specific changes will be made to the tax credit calculation process.

Plain English: This amendment changes how Indiana taxes certain businesses by altering the rules for calculating tax credits.

• Modifies the way tax credits are calculated for specific businesses in Indiana.

• The official text does not provide enough details to explain exactly which businesses or what specific changes will be made to the tax credit calculation process.

Plain English: This amendment proposes to change the Indiana Code regarding taxation, but the specific details of the changes are not provided in the given information.

• The exact nature and content of the proposed changes to the Indiana Code concerning taxation are not specified in the provided text.

• The official amendment text does not provide enough detail to explain the concrete changes it would make.

Plain English: This amendment proposes to change the Indiana Code regarding taxation, but does not provide specific details about what changes are being suggested.

• The exact nature of the proposed changes is unclear from the provided text.

• The official amendment text does not specify any concrete changes or updates to the Indiana Code concerning taxation.

Plain English: This amendment proposes to change the Indiana Code regarding taxation, but does not provide specific details about what changes are being suggested.

• The official text of the amendment is incomplete and does not specify any concrete changes to the Indiana Code concerning taxation.

Plain English: This amendment proposes to change how certain businesses are taxed in Indiana.

• Modifies the way specific types of businesses are taxed under Indiana's tax laws.

• The official text does not provide enough details about which businesses or what changes will be made, making it hard to explain further.

Plain English: This amendment changes the Indiana Code to adjust certain tax provisions.

• The amendment modifies specific sections of the Indiana Code related to taxation, but the exact details are not provided in the given text.

• The official amendment text does not provide enough information to specify exactly which parts of the Indiana Code concerning taxation will be changed.

Plain English: This amendment aims to modify the Indiana Code regarding taxation but does not provide specific details on what changes it intends to make.

• The amendment seeks to change the Indiana Code concerning taxation, but the exact nature of these changes is unclear from the provided information.

• The official text does not specify the concrete changes this amendment would make to the Indiana Code.
• Further details are needed to understand the specific impact and scope of this amendment.

Plain English: This amendment changes the Indiana Code regarding taxation but does not provide specific details about what exactly is being amended.

• The amendment modifies the Indiana Code concerning taxation, though it does not specify which part of the code or how it will be changed.

• The official text provided does not give enough information to explain the exact changes to the Indiana Code.