DIGEST OF INTRODUCED BILL
Income tax refund designation for public K-12 schools. Permits an individual (or husband and wife in the case of a joint return) to designate a donation of part or all of the taxpayer's state income tax refund to the Indiana public school K-12 fund of the school corporation in which the taxpayer resides by using the state income tax return. Permits a taxpayer to also include a donation to the K-12 fund with the return. Requires the department of state revenue to include a form for making direct donations to a school corporation's Indiana public school K-12 fund. Provides the authority for a public school corporation to establish an Indiana public school K-12 fund. Prohibits transfers from or to the fund.