IN HB1133 | 2019 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 7 2019 - 25% progression
Action: 2019-01-14 - Representative Cook added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Income tax credit for donations. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $2,000 in the case of a single return and $4,000 in the case of a joint return. Provides that the maximum corporate taxpayer credit is the greater of 10% of the corporation's total adjusted gross income tax liability or $10,000. Makes the credit refundable.

Tracking Information

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Title

Income tax credit for donations. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $2,000 in the case of a single return and $4,000 in the case of a joint return. Provides that the maximum corporate taxpayer credit is the greater of 10% of the corporation's total adjusted gross income tax liability or $10,000. Makes the credit refundable.

Sponsors


History

DateChamberAction
2019-01-14HouseRepresentative Cook added as coauthor
2019-01-07HouseFirst reading: referred to Committee on Ways and Means
2019-01-07HouseAuthored by Representative Hamilton

Indiana State Sources


Bill Comments

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