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]

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.

Tracking Information

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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

DateChamberAction
2023-03-21HouseRepresentatives Hamilton and Pack R added as cosponsors
2023-03-21HouseRepresentative Heaton removed as cosponsor
2023-03-14HouseRepresentative Heaton added as cosponsor
2023-02-28HouseFirst reading: referred to Committee on Ways and Means
2023-02-21SenateReferred to the House
2023-02-20SenateSenator Crane added as coauthor
2023-02-20SenateCosponsor: Representative Culp K
2023-02-20SenateHouse sponsor: Representative Cherry
2023-02-20SenateThird reading: passed; Roll Call 130: yeas 46, nays 1
2023-02-16SenateSecond reading: ordered engrossed
2023-02-14SenateSenator Yoder added as coauthor
2023-02-14SenateSenator Rogers added as third author
2023-02-14SenateCommittee report: amend do pass, adopted
2023-02-09SenateSenator Randolph added as coauthor
2023-01-11SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2023-01-11SenateAuthored by Senators Buchanan and Busch

Subjects


Indiana State Sources


Bill Comments

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