Indiana Senate Bill 339 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on February 22 2023 - 50% progression, died in committee
Action: 2023-02-28 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]

Attainable homeownership tax credit. Establishes a tax credit (credit) for a contribution to an affordable housing organization (organization). Requires the Indiana economic development corporation to approve each organization applicant as an organization for which a taxpayer is eligible to claim a credit for a contribution. Provides that the amount of the credit is equal to 50% of the amount of the contribution that is not more than $20,000 made to the organization. Provides that the credit may be carried forward for five years following the unused credit year. Provides (subject to certain conditions) that the total amount of tax credits awarded may not exceed $100,000 in each state fiscal year. Requires the department of state revenue (department) to post certain information about the credit on a website used by the department to provide information to the public. Allows the department to adopt rules to implement the credit.

Attainable homeownership tax credit.

Sen. Linda Rogers [R]	Sen. Brian Buchanan [R]	Sen. Fady Qaddoura [D]	Sen. Lonnie Randolph [D]
Sen. Shelli Yoder [D]	Rep. Doug Miller [R]	Rep. Maureen Bauer [D]	Rep. Timothy O'Brien [R]
Rep. Dale DeVon [R]

2023-02-21 - Senate - Senate - Third reading (Y: 46 N: 0 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2023-02-28	House	First reading: referred to Committee on Ways and Means
2023-02-22	Senate	Referred to the House
2023-02-21	Senate	Cosponsors: Representatives Bauer M, O'Brien T, DeVon
2023-02-21	Senate	House sponsor: Representative Miller D
2023-02-21	Senate	Third reading: passed; Roll Call 141: yeas 46, nays 0
2023-02-20	Senate	Senator Yoder added as coauthor
2023-02-16	Senate	Second reading: ordered engrossed
2023-02-14	Senate	Committee report: amend do pass, adopted
2023-02-09	Senate	Senator Randolph added as coauthor
2023-02-07	Senate	Senator Qaddoura added as third author
2023-01-17	Senate	Senator Buchanan added as second author
2023-01-12	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2023-01-12	Senate	Authored by Senator Rogers

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/339/details
Text	https://iga.in.gov/legislative/2023/bills/senate/339/#1.INTR
Text	https://iga.in.gov/legislative/2023/bills/senate/339/#2.COMS
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/339/#S141