Skip to main content
CivicGate

SB 257 IN

Income tax credit for K-12 education contributions.

IN · session 2023 · Senate · bill

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

Introduced Jan 11, 2023

Latest action (Jan 11, 2023) First reading: referred to Committee on Tax and Fiscal Policy

Summary

Provides a 50% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2023, and before January 1, 2026. Provides that the amount allowable as a credit in a taxable year may not exceed: (1) $1,000 in the case of: (A) an individual filing a single return; (B) a married individual filing a separate return; or (C) 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 is $5,000,000.

Sponsor (1)

Action history (2)
  1. Jan 11, 2023 Authored by Senator Yoder · upper
  2. Jan 11, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
EDUCATION generallyINCOME TAXES, CreditsNONPROFIT CORPORATIONS AND ORGANIZATIONSSCHOOLS, 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 Senate Bill (S) · Jan 11, 2023 · PDF

Full text

The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.

Comments

Comments

Loading comments…

Data from OpenStates. View on OpenStates →