HB1256: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 7:33 PM (America/Indianapolis).
General Information
- Stage: Introduced House Bill (H)
- Current Chamber: house
- Origin Chamber: house
- Description: College savings tax credit.
Legislators
Authors (1)
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (2 total)
- Jan 9, 2025, 12:26 PM: First reading: referred to Committee on Ways and Means
- Jan 9, 2025, 12:26 PM: Authored by Representative Klinker
Digest
Beginning in taxable year 2026, 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 $2,500 (and from $750 to $1,250 in the case of a married individual filing a separate return), subject to other requirements.