IN HB1392 | 2015 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 14 2015 - 25% progression, died in committee
Action: 2015-01-14 - 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 14 2015 - 25% progression, died in committee
Action: 2015-01-14 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Tax credit for literacy programs. Provides an income tax credit for charitable contributions to certain literacy programs. Provides that the credit is equal to 50% of the charitable contribution, but may not exceed: (1) $100 for a single individual return; (2) $200 for a joint return; or (3) the lesser of 10% of a corporation's adjusted gross income tax liability or $1,000 for a corporate return.
Title
Tax credit for literacy programs. Provides an income tax credit for charitable contributions to certain literacy programs. Provides that the credit is equal to 50% of the charitable contribution, but may not exceed: (1) $100 for a single individual return; (2) $200 for a joint return; or (3) the lesser of 10% of a corporation's adjusted gross income tax liability or $1,000 for a corporate return.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-14 | House | First Reading: referred to Committee on Ways and Means |
| 2015-01-14 | House | Coauthored by Representative Austin |
| 2015-01-14 | House | Authored by Representative Clere |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2015/bills/house/1392/details |
| Text | http://iga.in.gov/static-documents/b/e/f/b/befb2847/HB1392.01.INTR.pdf |
