IN SB0345 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2016 - 25% progression, died in committee
Action: 2016-01-07 - First reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 7 2016 - 25% progression, died in committee
Action: 2016-01-07 - First reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Scholarship granting organization tax credit. Eliminates the income tax credit for contributions made to a scholarship granting organization beginning after December 31, 2016. (Does not preclude a taxpayer from carrying forward any unused tax credit attributable to a contribution made before the elimination of the credit.) Provides instead an income tax deduction for contributions to a scholarship granting organization beginning after December 31, 2016.
Title
Scholarship granting organization tax credit. Eliminates the income tax credit for contributions made to a scholarship granting organization beginning after December 31, 2016. (Does not preclude a taxpayer from carrying forward any unused tax credit attributable to a contribution made before the elimination of the credit.) Provides instead an income tax deduction for contributions to a scholarship granting organization beginning after December 31, 2016.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-07 | Senate | First reading: referred to Committee on Tax & Fiscal Policy |
| 2016-01-07 | Senate | Authored by Senator Tallian |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2016/bills/senate/345/details |
| Text | http://iga.in.gov/static-documents/6/4/1/3/64138d72/SB0345.01.INTR.pdf |
