Indiana Senate Bill 288 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 11 2010 - 25% progression, died in committee
Action: 2010-01-19 - Senator Lanane added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]

Provides for an adjusted gross income tax credit for charitable donations to a charitable organization or educational foundation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and organized and operated solely for the benefit of a public elementary school or public high school located in Indiana. 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. Makes the credit refundable.

Tax credit for contributions to K-12 foundations.

Sen. Bob Deig [D]

Sen. Bob Deig [D]

Sen. Timothy Lanane [D]

Sen. Vi Simpson [D]

Date	Chamber	Action
2010-01-19		Senator Lanane added as coauthor
2010-01-19		Senator Deig added as coauthor
2010-01-11		First reading: referred to Committee on Tax and Fiscal Policy
2010-01-11		Authored by Senator Simpson

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2010&session=1&request=getBill&doctype=SB&docno=0288
Text	http://www.in.gov/legislative/bills/2010/IN/IN0288.1.html