IN HB1019 | 2023 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 9 2023 - 25% progression, died in committee
Action: 2023-01-09 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2023 - 25% progression, died in committee
Action: 2023-01-09 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Education foundation tax credit. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return or $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 $5,000.
Title
Education foundation tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | House | First reading: referred to Committee on Ways and Means |
| 2023-01-09 | House | Authored by Representative Hamilton |
| 2023-01-09 | House | Coauthored by Representative Cherry |
Subjects
CORPORATIONS
EDUCATION generally
INCOME TAXES, Adjusted Gross Income Taxes
INCOME TAXES, Credits
SCHOOLS, Taxes
EDUCATION generally
INCOME TAXES, Adjusted Gross Income Taxes
INCOME TAXES, Credits
SCHOOLS, Taxes
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2023/bills/house/1019/details |
| Text | https://iga.in.gov/legislative/2023/bills/house/1019/#1.INTR |
