Indiana House Bill 1303 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 7-1)
Status: Passed on March 14 2022 - 100% progression
Action: 2022-03-14 - Public Law 122
Text: Latest bill text (Enrolled) [PDF]

Tax credit for ABLE account contributions. Creates (beginning January 1, 2024) a stand-alone credit for contributions to Indiana ABLE accounts. Provides that a taxpayer is entitled to a credit against adjusted gross income tax equal to the least of: (1) 20% of the amount of the total contributions made by the taxpayer to an account or accounts of an Indiana ABLE 529A savings plan during the taxable year; (2) $500; or (3) the amount of the taxpayer's adjusted gross income tax for the taxable year, reduced by the sum of all allowable credits. Provides that a taxpayer is not entitled to a carryback, carryover, or refund of an unused credit. Provides that a taxpayer may not sell, assign, convey, or otherwise transfer the tax credit. Provides that an account owner of an Indiana ABLE 529A savings plan must repay all or a part of the credit in a taxable year in which any nonqualified withdrawal is made.

Tax credit for ABLE account contributions.

Rep. Julie Olthoff [R]	Rep. Michael Karickhoff [R]	Rep. J. Michael Davisson [R]	Rep. Edward Clere [R]
Sen. Travis Holdman [R]	Sen. Rick Niemeyer [R]	Sen. Lonnie Randolph [D]	Sen. Vaneta Becker [R]

2022-03-07 - House - House - House reconsidered and concurred in Senate amendments (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2022-03-01 - Senate - Senate - Third reading (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]
2022-02-22 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2022-01-31 - House - House Floor - (Y: 92 N: 0 NV: 2 Abs: 6) [PASS]
2022-01-20 - House - House - Committee Vote (Y: 20 N: 0 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2022-03-14	House	Public Law 122
2022-03-14	House	Signed by the Governor
2022-03-14	Senate	Signed by the President of the Senate
2022-03-09	Senate	Signed by the President Pro Tempore
2022-03-09	House	Signed by the Speaker
2022-03-07	House	House reconsidered and concurred in Senate amendments; Roll Call 345: yeas 94, nays 0
2022-03-07	House	Motion to concur filed
2022-03-02	Senate	Senate advisors appointed: Niemeyer and Lanane
2022-03-02	Senate	Senate conferees appointed: Holdman and Randolph Lonnie M
2022-03-02	House	House advisors appointed: Karickhoff, Engleman and Klinker
2022-03-02	House	House conferees appointed: Olthoff and Pryor
2022-03-02	House	House dissented from Senate amendments
2022-03-02	House	Motion to dissent filed
2022-03-02	Senate	Returned to the House with amendments
2022-03-01	Senate	Third reading: passed; Roll Call 307: yeas 48, nays 0
2022-02-28	Senate	Second reading: ordered engrossed
2022-02-24	Senate	Senator Becker added as cosponsor
2022-02-22	Senate	Committee report: amend do pass, adopted
2022-02-17	Senate	Senator Randolph added as cosponsor
2022-02-08	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2022-02-01	House	Referred to the Senate
2022-01-31	House	Senate sponsors: Senators Holdman and Niemeyer
2022-01-31	House	Third reading: passed; Roll Call 147: yeas 92, nays 0
2022-01-26	House	Second reading: ordered engrossed
2022-01-24	House	Committee report: amend do pass, adopted
2022-01-20	House	Representative Clere added as coauthor
2022-01-11	House	First reading: referred to Committee on Ways and Means
2022-01-11	House	Coauthored by Representatives Karickhoff and Davisson J.
2022-01-11	House	Authored by Representative Olthoff

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/house/1303/details
Text	http://iga.in.gov/static-documents/3/3/8/7/3387f340/HB1303.01.INTR.pdf
Text	http://iga.in.gov/static-documents/0/4/4/8/04488380/HB1303.01.INTR.pdf
Text	http://iga.in.gov/static-documents/b/7/3/4/b734475c/HB1303.02.COMH.pdf
Text	http://iga.in.gov/static-documents/f/8/a/d/f8ad135f/HB1303.02.COMH.pdf
Text	http://iga.in.gov/static-documents/8/3/0/b/830b51b1/HB1303.03.COMS.pdf
Text	http://iga.in.gov/static-documents/a/d/f/c/adfc8bf2/HB1303.03.COMS.pdf
Text	http://iga.in.gov/static-documents/2/0/7/b/207baa50/HB1303.04.ENRS.pdf
Supplement	http://iga.in.gov/static-documents/f/b/c/8/fbc89a1a/HB1303.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/0/f/0/8/0f089d0c/HB1303.02.COMH.FN001.pdf
Supplement	http://iga.in.gov/static-documents/0/f/8/6/0f86d39b/HB1303.01.INTR.CRH001.pdf
Supplement	http://iga.in.gov/static-documents/1/4/1/d/141d8d3b/HB1303.02.COMH.FN002.pdf
Supplement	http://iga.in.gov/static-documents/6/7/6/8/67687a7d/HB1303.02.COMH.FN003.pdf
Supplement	http://iga.in.gov/static-documents/b/9/6/a/b96a8a0b/HB1303.02.COMH.CRS001.pdf
Supplement	http://iga.in.gov/static-documents/0/a/3/1/0a31bfa1/HB1303.03.COMS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/d/a/f/b/dafbd162/HB1303.03.COMS.FN002.pdf
Supplement	http://iga.in.gov/static-documents/0/4/5/4/0454b838/HB1303.03.COMS.FN003.pdf
Supplement	http://iga.in.gov/static-documents/c/5/5/9/c5590589/HB1303.03.COMS.DIS01.pdf
Supplement	http://iga.in.gov/static-documents/a/9/0/0/a90006c2/HB1303.03.COMS.CON01.pdf
Supplement	http://iga.in.gov/static-documents/5/3/2/b/532bb00b/HB1303.04.ENRS.FN001.pdf
Roll Call	http://iga.in.gov/static-documents/f/e/3/b/fe3b4fd5/HB1303.01.INTR.01.pdf
Roll Call	http://iga.in.gov/static-documents/7/0/f/1/70f18fd4/HB1303.147_H.pdf
Roll Call	http://iga.in.gov/static-documents/9/4/f/4/94f48c4c/HB1303.02.COMH.00.pdf
Roll Call	http://iga.in.gov/static-documents/b/8/2/e/b82e3ae6/HB1303.307_S.pdf
Roll Call	http://iga.in.gov/static-documents/1/2/8/1/128170cd/HB1303.345_H.pdf