IN HB1147

Establishes a $50 tax credit for employers who allow employees to attend parent-teacher conferences to discuss their child's report card during scheduled work hours

Limits the credit to a maximum of three parent-teacher conferences per employee per taxable year ($150 maximum per employee)

Applies to children enrolled in kindergarten through grade 12

Allows unused credits to be carried forward for up to five taxable years, with no carryback or refund permitted

Requires employers to maintain records including employee name, conference date and time, child's name, and any other information required by the department