IN HB1289 | 2022 | Regular Session

Indiana House Bill 1289 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2022 - 25% progression, died in committee
Action: 2022-01-10 - First reading: referred to Committee on Ways and Means
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.

Title

Income tax credit for donations.

History

Date	Chamber	Action
2022-01-10	House	First reading: referred to Committee on Ways and Means
2022-01-10	House	Authored by Representative Hamilton

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/house/1289/details
Text	http://iga.in.gov/static-documents/8/f/6/9/8f69c0a1/HB1289.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/7/3/b/4/73b4847b/HB1289.01.INTR.FN001.pdf