IN HB1267 | 2021 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
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]
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
Education foundation tax credit. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return or $2,000 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.
Title
Education foundation tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-14 | House | First reading: referred to Committee on Ways and Means |
| 2021-01-14 | House | Coauthored by Representatives Cook, Pfaff, DeLaney |
| 2021-01-14 | House | Authored by Representative Hamilton |
