IN SB0550 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 14 2019 - 25% progression
Action: 2019-01-14 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Summary

529 college savings contribution tax credit. Eliminates the requirement that a taxpayer designate whether a contribution to a college choice 529 education savings plan will be used: (1) for qualified higher education expenses that are not qualified K-12 education expenses; or (2) for qualified K-12 education expenses. Eliminates the requirement that the Indiana education savings authority use subaccounting to track designations of withdrawals.

Tracking Information

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Title

529 college savings contribution tax credit. Eliminates the requirement that a taxpayer designate whether a contribution to a college choice 529 education savings plan will be used: (1) for qualified higher education expenses that are not qualified K-12 education expenses; or (2) for qualified K-12 education expenses. Eliminates the requirement that the Indiana education savings authority use subaccounting to track designations of withdrawals.

Sponsors


History

DateChamberAction
2019-01-14SenateFirst reading: referred to Committee on Appropriations
2019-01-14SenateAuthored by Senator Spartz

Indiana State Sources


Bill Comments

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