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Senate Bill 0436


Senate Bill 0436

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Income tax credit for tuition costs. Provides an individual who is an eligible graduate of an Indiana institution of higher learning with a tax credit against the individual's adjusted gross income tax liability in the amount of 5% of the individual's qualified educational investment. Defines "qualified educational investment" as: (1) the sum of expenditures made by an eligible graduate for tuition and required instructional materials in the course of obtaining a degree from an institution of higher learning; multiplied by (2) a percentage, the magnitude of which varies with the academic accomplishments of the eligible graduate and different types of career service.
    Current Status:
     In Committee - first House
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