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House Bill 1201
ARCHIVE (2007)
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  | DIGEST OF INTRODUCED BILL Income tax exemption for patent income. Exempts income from taxation that is derived from a qualified patent issued to a taxpayer domiciled in Indiana. Requires that a qualified patent must have resulted from a development process conducted in Indiana. Provides that a taxpayer may not claim more than $1,000,000 in exemptions in a taxable year. Provides that a taxpayer may not claim an exemption for income derived from a particular qualified patent for more than ten years. |
Current Status:
  | In Committee - first House |
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