HB1544: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 6:55 PM (America/Indianapolis).
General Information
- Stage: Introduced House Bill (H)
- Current Chamber: house
- Origin Chamber: house
- Description: Tax credit for public school foundation.
Legislators
Authors (1)
Coauthors (3)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (3 total)
- Jan 21, 2025, 11:30 AM: First reading: referred to Committee on Ways and Means
- Jan 21, 2025, 11:30 AM: Authored by Representative Heaton
- Jan 21, 2025, 11:30 AM: Coauthored by Representatives Heine, Pfaff, Hamilton
Digest
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.