SB 260 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, 2023, and before January 1, 2026. 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 may not exceed $100,000.

• Brian Buchanan Republican · author
• Justin Busch Republican · author
• Linda Rogers Republican · author
• Robert Cherry · sponsor

1. Jan 11, 2023 Authored by Senators Buchanan and Busch · upper
2. Jan 11, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Feb 9, 2023 Senator Randolph added as coauthor · upper
4. Feb 14, 2023 Committee report: amend do pass, adopted · upper
5. Feb 14, 2023 Senator Rogers added as third author · upper
6. Feb 14, 2023 Senator Yoder added as coauthor · upper
7. Feb 16, 2023 Second reading: ordered engrossed · upper
8. Feb 20, 2023 Third reading: passed; Roll Call 130: yeas 46, nays 1 · upper
9. Feb 20, 2023 House sponsor: Representative Cherry · upper
10. Feb 20, 2023 Cosponsor: Representative Culp K · upper
11. Feb 20, 2023 Senator Crane added as coauthor · upper
12. Feb 21, 2023 Referred to the House · upper
13. Feb 28, 2023 First reading: referred to Committee on Ways and Means · lower
14. Mar 14, 2023 Representative Heaton added as cosponsor · lower
15. Mar 21, 2023 Representative Heaton removed as cosponsor · lower
16. Mar 21, 2023 Representatives Hamilton and Pack R added as cosponsors · 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 14, 2023 · PDF
• Introduced Senate Bill (S) · Jan 11, 2023 · PDF