IN HB1240 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 14 2021 - 25% progression, died in committee
Action: 2021-01-14 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

College savings tax credit. Provides that a tax credit for contributions made to a college choice 529 education savings plan is available only for taxpayers whose gross annual income, including the gross annual income of the individual's spouse, if married, is less than $150,000. Increases the tax credit that an individual can claim for contributions made to a college choice 529 education savings plan.

Tracking Information

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Title

College savings tax credit.

Sponsors


History

DateChamberAction
2021-01-14HouseFirst reading: referred to Committee on Ways and Means
2021-01-14HouseCoauthored by Representative Prescott
2021-01-14HouseAuthored by Representative Teshka

Indiana State Sources


Bill Comments

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