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Senate Bill 0125


Senate Bill 0125

ARCHIVE (2009)

Latest Information

 

DIGEST OF INTRODUCED BILL


Income tax credit. Provides a refundable adjusted gross income tax credit for charitable donations to public or private elementary schools or high schools located in Indiana. Provides that the maximum individual taxpayer credit is $1,000 in the case of a single return or $2,000 in the case of a joint return. Provides that the maximum corporate taxpayer credit is the greater of 10% of the corporation's total adjusted gross income tax liability or $10,000.
    Current Status:
     In Committee - first House
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