Bill Text: IN HB1114 | 2018 | Regular Session | Introduced
Bill 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.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2018-01-11 - Representative Cook added as coauthor [HB1114 Detail]
Download: Indiana-2018-HB1114-Introduced.pdf