IN SB0100 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 3 2019 - 25% progression
Action: 2019-01-14 - Senator Garten added as second author
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Education foundation tax credit. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return or $2,000 in the case of a joint return. Provides that the maximum corporate taxpayer credit is the greater of 10% of the corporation's total adjusted gross income tax liability or $10,000.

Tracking Information

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Title

Education foundation tax credit. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return or $2,000 in the case of a joint return. Provides that the maximum corporate taxpayer credit is the greater of 10% of the corporation's total adjusted gross income tax liability or $10,000.

Sponsors


History

DateChamberAction
2019-01-14SenateSenator Garten added as second author
2019-01-03SenateFirst reading: referred to Committee on Appropriations
2019-01-03SenateAuthored by Senator Ford Jon

Indiana State Sources


Bill Comments

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