HB 1544 IN
Tax credit for public school foundation.
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Summary
Provides a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2025, and before January 1, 2028. 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 $1,000,000.
Sponsor (1)
- Robert Heaton Republican · author
3 coauthors / cosponsors
- Dave Heine Republican · coauthor
- Tonya Pfaff Democratic · coauthor
- Carey Hamilton Democratic · coauthor
Action history (3)
- Jan 21, 2025 Coauthored by Representatives Heine, Pfaff, Hamilton · lower
- Jan 21, 2025 Authored by Representative Heaton · lower
- Jan 21, 2025 First reading: referred to Committee on Ways and Means · lower
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