Indiana Senate Bill 342 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Republican 12-1)
Status: Engrossed on February 23 2021 - 50% progression, died in committee
Action: 2021-03-04 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]

State tax credit for public school foundation contributions. Provides a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2021, and before January 1, 2024. 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 to $5,000,000.

State tax credit for public school foundation contributions.

Sen. Brian Buchanan [R]	Sen. Erin Houchin [R]	Sen. Justin Busch [R]	Sen. Eric Bassler [R]
Sen. Jeff Raatz [R]	Sen. Ed Charbonneau [R]	Sen. Linda Rogers [R]	Sen. Fady Qaddoura [D]
Sen. John Crane [R]	Sen. Jon Ford [R]	Sen. Eric Koch [R]	Rep. Ethan Manning [R]
Rep. Donna Schaibley [R]

2021-02-22 - Senate - Senate Floor - (Y: 47 N: 2 NV: 0 Abs: 1) [PASS]
2021-02-16 - Senate - Senate - Committee Vote (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-03-04	House	First reading: referred to Committee on Ways and Means
2021-02-23	Senate	Referred to the House
2021-02-22	Senate	Cosponsor: Representative Schaibley
2021-02-22	Senate	House sponsor: Representative Manning
2021-02-22	Senate	Third reading: passed; Roll Call 158: yeas 47, nays 2
2021-02-22	Senate	Senator Koch added as coauthor
2021-02-22	Senate	Senator Ford Jon added as coauthor
2021-02-22	Senate	Senator Crane added as coauthor
2021-02-18	Senate	Senators Raatz, Charbonneau, Rogers, Qaddoura added as coauthors
2021-02-18	Senate	Second reading: ordered engrossed
2021-02-16	Senate	Committee report: amend do pass, adopted
2021-01-25	Senate	Senator Bassler added as coauthor
2021-01-11	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2021-01-11	Senate	Authored by Senators Buchanan, Houchin, Busch

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/senate/342/details
Text	http://iga.in.gov/static-documents/8/9/b/9/89b9b88d/SB0342.01.INTR.pdf
Text	http://iga.in.gov/static-documents/d/6/b/2/d6b2739c/SB0342.01.INTR.pdf
Text	http://iga.in.gov/static-documents/9/b/a/b/9babaff2/SB0342.02.COMS.pdf
Supplement	http://iga.in.gov/static-documents/a/f/8/0/af800547/SB0342.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/f/b/c/9/fbc9ba0a/SB0342.01.INTR.CRS001.pdf
Supplement	http://iga.in.gov/static-documents/6/5/b/4/65b47ae8/SB0342.02.COMS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/c/6/b/0/c6b0b40c/SB0342.02.COMS.FN002.pdf
Supplement	http://iga.in.gov/static-documents/b/b/a/c/bbac722d/SB0342.02.COMS.FN003.pdf
Roll Call	http://iga.in.gov/static-documents/9/e/8/1/9e815f41/SB0342.01.INTR.02.pdf
Roll Call	http://iga.in.gov/static-documents/0/2/3/4/0234d001/SB0342.158_S.pdf