IN HB1316 | 2012 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Provides that the adjusted gross income tax deduction for unreimbursed expenditures made in connection with a dependent child's enrollment in a nonpublic school or accredited nonpublic school applies only to a taxable year beginning in 2011. For taxable years beginning after 2011, provides a refundable income tax credit for an unreimbursed education expenditure made by a taxpayer for an eligible dependent enrolled in a public school or an accredited nonpublic school if the taxpayer's household income is not more than 350% of the federal poverty level. Provides that the maximum credit amount is $1,000.

Tracking Information

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Title

Income tax credit for education expenses.

Sponsors


History

DateChamberAction
2012-01-11 First reading: referred to Committee on Ways and Means
2012-01-11 Authored by Representative Truitt

Indiana State Sources


Bill Comments

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