§ 6-3-5-3 — Indiana residents working in Illinois

Indiana § 6-3-5-3

• Jurisdiction: Indiana
• Art. 3: STATE INCOME TAXES
• Ch. 5: Reciprocity

Text

The department of state revenue, with the
approval of the governor and the budget agency after the review of the
state budget committee, may enter into an agreement with the state of
Illinois that establishes a methodology for determining individual
income taxes paid by residents of each state to the other state and an
obligation, in exchange for a like obligation on the part of Illinois, to
make a payment to Illinois. The payment obligation by Indiana may not
be greater than the difference between the amount of Indiana individual
adjusted gross income taxes for the previous taxable year that would be
collected from:
(1) Indiana residents working in Illinois if there were a reciprocity
agreement between Indiana and Illinois; and
(2) Indiana residents working in Illinois and from Illinois
residents working in Indiana without a reciprocity agreement
between Indiana and Illinois. The amount needed to make the
payment is appropriated from the state general fund.

Legislative History

As added by P.L.7-1999, SEC.1.