HB 1039 IN

College savings tax credit.

IN · session 2024 · Assembly / House · bill

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Introduced Jan 8, 2024

Latest action (Jan 8, 2024) First reading: referred to Committee on Ways and Means

Summary

Beginning in taxable year 2025, increases the credit provided for a contribution to a college choice 529 education savings plan against a taxpayer's adjusted gross income from $1,500 to $2,000 (and from $750 to $1,000 in the case of a married individual filing a separate return), subject to other requirements.

Sponsor (1)

Sheila Klinker Democratic · author

Action history (2)

Jan 8, 2024 Authored by Representative Klinker · lower
Jan 8, 2024 First reading: referred to Committee on Ways and Means · lower

Subjects

HIGHER EDUCATION; Financial Assistance (Including Student Assistance, Loans, Grants, and FAFSA)TAXES; Adjusted Gross Income TaxesTAXES; Credits

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) · PDF

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