Indiana Senate Bill 145

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Spectrum: Bipartisan Bill
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-25 - Senator Randolph added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Tax credit for charter school contribution. Authorizes the governing body of a charter school to establish a charter school building fund (fund) for the purpose of accepting charitable contributions to be used to fund one or more capital projects of the charter school. Provides an individual adjusted gross income tax credit for contribution to a fund equal to 50% of the aggregate amount of charitable contributions made by the taxpayer during the taxable year. Caps the total amount of tax credits provided at $10,000,000.

Tax credit for charter school contribution.

Sen. Brian Buchanan [R]

Sen. Lonnie Randolph [D]

Date	Chamber	Action
2024-01-25	Senate	Senator Randolph added as coauthor
2024-01-08	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2024-01-08	Senate	Authored by Senator Buchanan

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/senate/145/details
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0145/SB0145.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0145/fiscal-notes/SB0145.01.INTR.FN001.pdf