IN HB1303 | 2022 | Regular Session


Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 11 2022 - 25% progression
Action: 2022-01-24 - Committee report: amend do pass, adopted
Text: Latest bill text (Amended) [PDF]


Tax credit for ABLE account contributions. Creates 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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.


Tax credit for ABLE account contributions.


Roll Calls

2022-01-20 - House - House - Committee Vote (Y: 20 N: 0 NV: 0 Abs: 4) [PASS]


2022-01-24HouseCommittee report: amend do pass, adopted
2022-01-20HouseRepresentative Clere added as coauthor
2022-01-11HouseFirst reading: referred to Committee on Ways and Means
2022-01-11HouseCoauthored by Representatives Karickhoff and Davisson J.
2022-01-11HouseAuthored by Representative Olthoff

Indiana State Sources

Bill Comments