Bill Title: College savings program. Establishes a state income tax credit for employers who contribute to employees' 529 education savings accounts. Limits the credit to $100 per employee. Allows taxpayers to designate an income tax refund to a 529 education savings account. Requires the Indiana education savings authority to make a contribution to 529 education savings accounts of lower income account owners in the amount of the lesser of: (1) the amount the account owner contributed minus the amount the account owner withdrew from the account in the previous calendar year; or (2) $250. Makes an annual appropriation from the state general

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-01-03 - First reading: referred to Committee on Tax and Fiscal Policy [SB0245 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2018-01-03	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana SB0245

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana SB0245 currently on file.

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