IN HB1114 | 2018 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 4 2018 - 25% progression, died in committee
Action: 2018-01-11 - Representative Cook added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 4 2018 - 25% progression, died in committee
Action: 2018-01-11 - Representative Cook added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Income tax credit for donations. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $2,000 in the case of a single return and $4,000 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 $10,000. Makes the credit refundable. Makes an appropriation.
Title
Income tax credit for donations. Provides for an adjusted gross income tax credit for donations to a public school foundation. Provides that the maximum individual taxpayer credit is $2,000 in the case of a single return and $4,000 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 $10,000. Makes the credit refundable. Makes an appropriation.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-01-11 | House | Representative Cook added as coauthor |
2018-01-04 | House | First reading: referred to Committee on Ways and Means |
2018-01-04 | House | Authored by Representative Hamilton |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2018/bills/house/1114/details |
Text | http://iga.in.gov/static-documents/3/f/5/b/3f5b108c/HB1114.01.INTR.pdf |