Indiana Senate Bill 257 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-11 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Income tax credit for K-12 education contributions. Provides a 50% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2023, and before January 1, 2026. Provides that the amount allowable as a credit in a taxable year may not exceed: (1) $1,000 in the case of: (A) an individual filing a single return; (B) a married individual filing a separate return; or (C) a corporation; or (2) $2,000 in the case of a married couple filing a joint return. Provides that the maximum amount of credits that may be awarded in a state fiscal year is $5,000,000.

Income tax credit for K-12 education contributions.

Sen. Shelli Yoder [D]

Date	Chamber	Action
2023-01-11	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2023-01-11	Senate	Authored by Senator Yoder

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/257/details
Text	https://iga.in.gov/legislative/2023/bills/senate/257/#1.INTR