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]
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.
Title
Income tax credit for education expenses.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2012-01-11 | First reading: referred to Committee on Ways and Means | |
2012-01-11 | Authored by Representative Truitt |
Indiana State Sources
Type | Source |
---|---|
Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=HB&docno=1316 |
Text | http://www.in.gov/legislative/bills/2012/IN/IN1316.1.html |