IN SB0368 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-10 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-10 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Tax credit for education donations. Provides for an adjusted gross income tax credit for donations to a public school foundation or school corporation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return and $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.
Title
Tax credit for education donations. Provides for an adjusted gross income tax credit for donations to a public school foundation or school corporation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return and $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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-10 | Senate | First reading: referred to Committee on Appropriations |
| 2019-01-10 | Senate | Authored by Senator Alting |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2019/bills/senate/368/details |
| Text | http://iga.in.gov/static-documents/7/f/c/6/7fc667b6/SB0368.01.INTR.pdf |
