HB 1535 IN

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Replaces the term "community development corporation" in statutes concerning individual development accounts (IDA) with the term "community based organization" and makes conforming changes throughout the Indiana Code to reflect that change. Provides that: (1) $1,500 (rather than $800) is eligible for a state deposit in an individual's individual development account (account); (2) the allocation, for each account that has been established for not more than five years, is $3 for each $1 of the first $1,500 (rather than the first $400) an individual deposited into the individual's account during the preceding 12 months; and (3) the amount of the allocation may not exceed $4,500 (rather than $2,400) for each account. Makes various changes to the neighborhood assistance tax credit.

• Ethan Manning Republican · author

1. Jan 19, 2023 Authored by Representative Manning · lower
2. Jan 19, 2023 First reading: referred to Committee on Ways and Means · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced House Bill (H) · Jan 19, 2023 · PDF