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HB 1019 IN

Education foundation tax credit.

IN · session 2023 · Assembly / House · bill

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

Introduced Jan 9, 2023

Latest action (Jan 9, 2023) First reading: referred to Committee on Ways and Means

Summary

Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return or $2,000 in the case of a joint return. Provides that the maximum corporate taxpayer credit is the greater of 10% of the corporation's total adjusted gross income tax liability or $5,000.

Sponsor (1)
1 coauthor / cosponsor
  • Robert Cherry · coauthor

Action history (3)
  1. Jan 9, 2023 Coauthored by Representative Cherry · lower
  2. Jan 9, 2023 Authored by Representative Hamilton · lower
  3. Jan 9, 2023 First reading: referred to Committee on Ways and Means · lower
Subjects
CORPORATIONSEDUCATION generallyINCOME TAXES, Adjusted Gross Income TaxesINCOME TAXES, CreditsSCHOOLS, 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 5, 2023 · PDF

Full text

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