Blake Doriot
- Republican
- Senator
- District 12
Author
Provides a tax credit for a taxpayer that makes a monetary contribution to a qualifying foster care organization. Defines a "qualifying foster care organization" as an organization that (1) is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code; (2) provides foster care prevention services and programs or direct assistance to individuals in the foster care system; (3) spends at least 50% of its available revenue on qualified services to Indiana residents; (4) affirms it will continue spending at least 50% of its available revenue on qualified services to Indiana residents; and (5) provides ongoing qualified services to at least 200 Indiana residents. Provides that the department of state revenue (department) shall grant a tax credit against any state tax liability due equal to 50% of the amount of the monetary contribution by a person to a qualifying foster care organization. Provides that the tax credit that a taxpayer receives may not exceed $10,000 for any taxable year. Provides that the amount of tax credits allowed may not exceed $2,000,000 in the state fiscal year. Provides that to claim a tax credit an application must be filed with the department. Provides that the department shall promptly notify an applicant whether, or the extent to which, the tax credit is allowable in the state fiscal year in which the application is filed. Provides that when the total credits approved equal the maximum amount allowable in any state fiscal year, no application thereafter filed for that fiscal year shall be approved. Provides that the tax credit chapter expires in 2025.
First reading: referred to Committee on Ways and Means
Referred to the House
Cosponsor: Representative DeVon
Third reading: passed; Roll Call 126: yeas 46, nays 0
House sponsor: Representative Miller D
Senators Charbonneau and Lanane added as coauthors
Senator Niezgodski added as coauthor
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Senator Ford J.D. added as coauthor
Senator Zay added as coauthor
Senators Crane, Grooms, Qaddoura added as coauthors
Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy
Senator Freeman added as third author
Senators Ford Jon and Rogers added as coauthors
Senator Garten added as second author
First reading: referred to Committee on Family and Children Services
Authored by Senator Doriot
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) | |
| Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0209.03.COMS.FN001 | |
| Fiscal Note: SB0209.03.COMS.FN002 | |
| Fiscal Note: SB0209.03.COMS.FN003 |
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