Indiana House Bill 1533 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 19 2023 - 25% progression, died in committee
Action: 2023-01-19 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Individual tax deductions and credits. Increases the amount from $1,000 to $1,500 per dependent child for purposes of the unreimbursed education expenditure tax deduction. Repeals the provision providing a tax credit for contributions to an ABLE account and replaces it with a provision with retroactive language that increases the credit to: (1) $750 for an individual filing a single return; and (2) $1,500 for a married couple filing a joint return. Provides a tax credit for contributions made to a public school foundation in an amount that may not exceed: (1) $750 for an individual filing a single return; and (2) $1,500 for a married couple filing a joint return. Provides that any combination of credits claimed under the ABLE account credit and the public school foundation credit may not exceed: (1) $750 for an individual filing a single return; and (2) $1,500 for a married couple filing a joint return.

Individual tax deductions and credits.

Rep. Robert Cherry [R]

Rep. Julie Olthoff [R]

Date	Chamber	Action
2023-01-19	House	First reading: referred to Committee on Ways and Means
2023-01-19	House	Authored by Representative Cherry
2023-01-19	House	Coauthored by Representative Olthoff

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/house/1533/details
Text	https://iga.in.gov/legislative/2023/bills/house/1533/#1.INTR