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HB 1240 IN

College savings tax credit.

IN · session 2021 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 14, 2021

Latest action (Jan 14, 2021) First reading: referred to Committee on Ways and Means

Summary

Provides that a tax credit for contributions made to a college choice 529 education savings plan is available only for taxpayers whose gross annual income, including the gross annual income of the individual's spouse, if married, is less than $150,000. Increases the tax credit that an individual can claim for contributions made to a college choice 529 education savings plan.

Sponsor (1)
1 coauthor / cosponsor

Action history (3)
  1. Jan 14, 2021 Coauthored by Representative Prescott · lower
  2. Jan 14, 2021 Authored by Representative Teshka · lower
  3. Jan 14, 2021 First reading: referred to Committee on Ways and Means · lower
Subjects
INCOME TAXES, CreditsINCOME TAXES, Gross Income TaxesSCHOOLS, Taxes

Text versions (1)

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 14, 2021 · PDF

Full text

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