SB 209 IN

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Passed One Chamber

Provides a tax credit for a taxpayer that makes a monetary contribution to a qualifying foster care organization. Defines a "qualifying foster care organization" as an organization that (1) is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; (2) provides foster care prevention services and programs or direct assistance to individuals in the foster care system; (3) spends at least 50% of its available revenue on qualified services to Indiana residents; (4) affirms it will continue spending at least 50% of its available revenue on qualified services to Indiana residents; and (5) provides ongoing qualified services to at least 200 Indiana residents. Provides that the department of state revenue (department) shall grant a tax credit against any state tax liability due equal to 50% of the amount of the monetary contribution by a person to a qualifying foster care organization. Provides that the tax credit that a taxpayer receives may not exceed $10,000 for any taxable year. Provides that the amount of tax credits allowed may not exceed $2,000,000 in the state fiscal year. Provides that to claim a tax credit an application must be filed with the department. Provides that the department shall promptly notify an applicant whether, or the extent to which, the tax credit is allowable in the state fiscal year in which the application is filed. Provides that when the total credits approved equal the maximum amount allowable in any state fiscal year, no application thereafter filed for that fiscal year shall be approved. Provides that the tax credit chapter expires in 2025.

• Blake Doriot Republican · author
• Chris Garten Republican · author
• Aaron Freeman Republican · author
• Doug Miller Republican · sponsor

1. Jan 7, 2021 Authored by Senator Doriot · upper
2. Jan 7, 2021 First reading: referred to Committee on Family and Children Services · upper
3. Jan 25, 2021 Senator Garten added as second author · upper
4. Jan 25, 2021 Senator Freeman added as third author · upper
5. Jan 25, 2021 Senators Ford Jon and Rogers added as coauthors · upper
6. Jan 26, 2021 Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy · upper
7. Jan 26, 2021 Senators Crane, Grooms, Qaddoura added as coauthors · upper
8. Feb 2, 2021 Senator Ford J.D. added as coauthor · upper
9. Feb 2, 2021 Senator Zay added as coauthor · upper
10. Feb 9, 2021 Committee report: amend do pass, adopted · upper
11. Feb 11, 2021 Second reading: ordered engrossed · upper
12. Feb 11, 2021 Senators Charbonneau and Lanane added as coauthors · upper
13. Feb 11, 2021 Senator Niezgodski added as coauthor · upper
14. Feb 16, 2021 Cosponsor: Representative DeVon · upper
15. Feb 16, 2021 House sponsor: Representative Miller D · upper
16. Feb 16, 2021 Third reading: passed; Roll Call 126: yeas 46, nays 0 · upper
17. Feb 17, 2021 Referred to the House · upper
18. Mar 1, 2021 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 9, 2021 · PDF
• Introduced Senate Bill (S) · Jan 6, 2021 · PDF
• Senate Bill (S) · Jan 26, 2021 · PDF