IN HB1039 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2024 - 25% progression, died in committee
Action: 2024-01-08 - 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 8 2024 - 25% progression, died in committee
Action: 2024-01-08 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
College savings tax credit. Beginning in taxable year 2025, increases the credit provided for a contribution to a college choice 529 education savings plan against a taxpayer's adjusted gross income from $1,500 to $2,000 (and from $750 to $1,000 in the case of a married individual filing a separate return), subject to other requirements.
Title
College savings tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-08 | House | First reading: referred to Committee on Ways and Means |
| 2024-01-08 | House | Authored by Representative Klinker |
