IN SB0232 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2023 - 25% progression, died in committee
Action: 2023-01-10 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Deduction for unreimbursed education expenditures. Adds students who attend public schools for purposes of eligibility for the unreimbursed education expenditure tax deduction. Provides that the amount of the deduction is the lesser of: (1) $1,000 multiplied by the number of the taxpayer's dependent children for whom the taxpayer made education expenditures in the taxable year; or (2) the total amount of actual unreimbursed education expenditures that the taxpayer incurs for each of the taxpayer's dependent children in the taxable year. (Under current law the amount is $1,000 multiplied by the number of the taxpayer's dependent children for whom the taxpayer made education expenditures in the taxable year.) Defines "public school".

Tracking Information

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Title

Deduction for unreimbursed education expenditures.

Sponsors


History

DateChamberAction
2023-01-10SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2023-01-10SenateAuthored by Senator Hunley

Subjects


Indiana State Sources


Bill Comments

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