SB 342 IN

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Passed One Chamber

Provides a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2021, and before January 1, 2024. Provides that the amount allowable as a credit in a taxable year may not exceed: (1) $1,000 in the case of an individual filing a single return or a corporation; or (2) $2,000 in the case of a married couple filing a joint return. Provides that the maximum amount of credits that may be awarded in a state fiscal year to $5,000,000.

• Brian Buchanan Republican · author
• Erin Houchin · author
• Justin Busch Republican · author
• Ethan Manning Republican · sponsor

1. Jan 11, 2021 Authored by Senators Buchanan, Houchin, Busch · upper
2. Jan 11, 2021 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Jan 25, 2021 Senator Bassler added as coauthor · upper
4. Feb 16, 2021 Committee report: amend do pass, adopted · upper
5. Feb 18, 2021 Second reading: ordered engrossed · upper
6. Feb 18, 2021 Senators Raatz, Charbonneau, Rogers, Qaddoura added as coauthors · upper
7. Feb 22, 2021 Senator Crane added as coauthor · upper
8. Feb 22, 2021 Senator Ford Jon added as coauthor · upper
9. Feb 22, 2021 Senator Koch added as coauthor · upper
10. Feb 22, 2021 Third reading: passed; Roll Call 158: yeas 47, nays 2 · upper
11. Feb 22, 2021 House sponsor: Representative Manning · upper
12. Feb 22, 2021 Cosponsor: Representative Schaibley · upper
13. Feb 23, 2021 Referred to the House · upper
14. Mar 4, 2021 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.

• Senate Bill (S) · Feb 16, 2021 · PDF
• Introduced Senate Bill (S) · Jan 11, 2021 · PDF