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DIGEST OF INTRODUCED BILL
Education finance and taxation. Imposes a graduated adjusted gross income tax on the income of individuals, with a maximum rate of 4.4%. Authorizes the state student assistance commission to provide grants to persons who: (1) are employed in certain positions by a school corporation or an accredited nonpublic school; and (2) are enrolled in or admitted to an Indiana institution of higher education as students pursuing a master's degree. Provides that a grant must be applied to the person's costs for tuition, textbooks, and regularly assessed fees. Provides that the maximum amount of an initial grant to an individual is $5,000 and the maximum amount of a second grant to the individual is $5,000. Requires the department of education (department) to establish a pilot program to provide grants to school corporations and other entities that implement prekindergarten programs. Requires the education roundtable to provide recommendations to the department concerning the criteria to be used in selecting the school corporations for the pilot program. Includes reporting requirements for participating school corporations and the department. Provides that the pilot program expires July 1, 2014. Makes appropriations for the prekindergarten pilot program and for the grant program for school employees seeking master's degrees. Makes an appropriation for full-day kindergarten grants.