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Indiana House Passes Tax Credit And Exemption Bill

legislation
legislation

The Indiana House voted in favor of measures increasing personal income tax exemptions and establishing an adoption tax credit on Monday.

The adoption bill would give a tax credit to families that qualify for a federal adoption tax credit.

The income tax plan would automatically increase tax exemptions based on the consumer price index, saving individuals between $16 and $18 more in taxes each year. It also increases the child tax credit $500.

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