SB 342

  • Indiana Senate Bill
  • 2021 Regular Session
  • Introduced in Senate
  • Passed Senate Feb 22, 2021
  • House
  • Governor

State tax credit for public school foundation contributions.

Abstract

Provides a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2021, and before January 1, 2024. 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 to $5,000,000.

Bill Sponsors (13)

Votes


Actions


Mar 04, 2021

House

First reading: referred to Committee on Ways and Means

  • Reading-1
  • Referral-Committee
ways and means

Feb 23, 2021

Senate

Referred to the House

Feb 22, 2021

Senate

Senator Ford Jon added as coauthor

Senate

Senator Crane added as coauthor

Senate

Senator Koch added as coauthor

Senate

Third reading: passed; Roll Call 158: yeas 47, nays 2

Senate

House sponsor: Representative Manning

Senate

Cosponsor: Representative Schaibley

Feb 18, 2021

Senate

Second reading: ordered engrossed

Senate

Senators Raatz, Charbonneau, Rogers, Qaddoura added as coauthors

Feb 16, 2021

Senate

Committee report: amend do pass, adopted

Jan 25, 2021

Senate

Senator Bassler added as coauthor

Jan 11, 2021

Senate

First reading: referred to Committee on Tax and Fiscal Policy

  • Reading-1
  • Referral-Committee
tax and fiscal policy

Senate

Authored by Senators Buchanan, Houchin, Busch

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF
Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0342.02.COMS.FN001 PDF
Fiscal Note: SB0342.02.COMS.FN002 PDF
Fiscal Note: SB0342.02.COMS.FN003 PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Indiana General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.