IN SB0260 | 2023 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Engrossed on February 21 2023 - 50% progression, died in committee
Action: 2023-03-21 - Representatives Hamilton and Pack R added as cosponsors
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]
Status: Engrossed on February 21 2023 - 50% progression, died in committee
Action: 2023-03-21 - Representatives Hamilton and Pack R added as cosponsors
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]
Summary
State tax credit for public school foundation. Provides a 25% 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 an individual filing a single return or 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 may not exceed $100,000.
Title
State tax credit for public school foundation.
Sponsors
Roll Calls
2023-02-20 - Senate - Senate - Third reading (Y: 46 N: 1 NV: 0 Abs: 3) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-03-21 | House | Representatives Hamilton and Pack R added as cosponsors |
2023-03-21 | House | Representative Heaton removed as cosponsor |
2023-03-14 | House | Representative Heaton added as cosponsor |
2023-02-28 | House | First reading: referred to Committee on Ways and Means |
2023-02-21 | Senate | Referred to the House |
2023-02-20 | Senate | Senator Crane added as coauthor |
2023-02-20 | Senate | Cosponsor: Representative Culp K |
2023-02-20 | Senate | House sponsor: Representative Cherry |
2023-02-20 | Senate | Third reading: passed; Roll Call 130: yeas 46, nays 1 |
2023-02-16 | Senate | Second reading: ordered engrossed |
2023-02-14 | Senate | Senator Yoder added as coauthor |
2023-02-14 | Senate | Senator Rogers added as third author |
2023-02-14 | Senate | Committee report: amend do pass, adopted |
2023-02-09 | Senate | Senator Randolph added as coauthor |
2023-01-11 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
2023-01-11 | Senate | Authored by Senators Buchanan and Busch |
Subjects
EDUCATION generally
INCOME TAXES, Credits
NONPROFIT CORPORATIONS AND ORGANIZATIONS
SCHOOLS generally (K-12)
INCOME TAXES, Credits
NONPROFIT CORPORATIONS AND ORGANIZATIONS
SCHOOLS generally (K-12)