SB 339 IN

0likes☆Favorite🔕SubscribeShare

Passed One Chamber

Establishes a tax credit (credit) for a contribution to an affordable housing organization (organization). Requires the Indiana economic development corporation to approve each organization applicant as an organization for which a taxpayer is eligible to claim a credit for a contribution. Provides that the amount of the credit is equal to 50% of the amount of the contribution that is not more than $20,000 made to the organization. Provides that the credit may be carried forward for five years following the unused credit year. Provides (subject to certain conditions) that the total amount of tax credits awarded may not exceed $100,000 in each state fiscal year. Requires the department of state revenue (department) to post certain information about the credit on a website used by the department to provide information to the public. Allows the department to adopt rules to implement the credit.

• Linda Rogers Republican · author
• Brian Buchanan Republican · author
• Fady Qaddoura Democratic · author
• Doug Miller Republican · sponsor

1. Jan 12, 2023 Authored by Senator Rogers · upper
2. Jan 12, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Jan 17, 2023 Senator Buchanan added as second author · upper
4. Feb 7, 2023 Senator Qaddoura added as third author · upper
5. Feb 9, 2023 Senator Randolph added as coauthor · upper
6. Feb 14, 2023 Committee report: amend do pass, adopted · upper
7. Feb 16, 2023 Second reading: ordered engrossed · upper
8. Feb 20, 2023 Senator Yoder added as coauthor · upper
9. Feb 21, 2023 Third reading: passed; Roll Call 141: yeas 46, nays 0 · upper
10. Feb 21, 2023 House sponsor: Representative Miller D · upper
11. Feb 21, 2023 Cosponsors: Representatives Bauer M, O'Brien T, DeVon · upper
12. Feb 22, 2023 Referred to the House · upper
13. Feb 28, 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.

• Senate Bill (S) · Feb 14, 2023 · PDF
• Introduced Senate Bill (S) · Jan 12, 2023 · PDF