Linda Rogers
- Republican
- Senator
- District 11
Author
Establishes a tax credit (credit) for a contribution to an affordable housing organization (organization). Requires the Indiana economic development corporation to approve each organization applicant as an organization for which a taxpayer is eligible to claim a credit for a contribution. Provides that the amount of the credit is equal to 50% of the amount of the contribution that is not more than $20,000 made to the organization. Provides that the credit may be carried forward for five years following the unused credit year. Provides (subject to certain conditions) that the total amount of tax credits awarded may not exceed $100,000 in each state fiscal year. Requires the department of state revenue (department) to post certain information about the credit on a website used by the department to provide information to the public. Allows the department to adopt rules to implement the credit.
First reading: referred to Committee on Ways and Means
Referred to the House
Cosponsors: Representatives Bauer M, O'Brien T, DeVon
House sponsor: Representative Miller D
Third reading: passed; Roll Call 141: yeas 46, nays 0
Senator Yoder added as coauthor
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Senator Randolph added as coauthor
Senator Qaddoura added as third author
Senator Buchanan added as second author
Authored by Senator Rogers
First reading: referred to Committee on Tax and Fiscal Policy
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0339.02.COMS.FN001 | |
| Fiscal Note: SB0339.02.COMS.FN002 | |
| Fiscal Note: SB0339.02.COMS.FN003 |
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