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IN SB0455
Bill
Status
Introduced
1/12/2011
Primary Sponsor
Greg Taylor
Click for details
AI Summary
- Allows Indiana residents to designate part or all of their state income tax refund to be donated to the Indiana Public School K-12 Fund of the school corporation where they reside
- Permits taxpayers to make additional contributions beyond their refund amount (minimum $1) to their local school corporation's K-12 fund by including payment with their tax return
- Authorizes public school corporations to establish dedicated Indiana Public School K-12 Funds to receive designated donations, with money restricted to providing educational opportunities for enrolled students
- Requires the Department of State Revenue to include information about the K-12 fund program in tax return instructions and provide a form for direct donations
- Prohibits school corporations from transferring money into or out of the K-12 fund, and fund balances cannot be considered when calculating state tuition support or grants
Legislative Description
Income tax refund designation for public K-12 schools.
Last Action
Senators Arnold, Broden, Hume, Lanane, Mrvan, Randolph, Rogers, Simpson, Skinner, Tallian, Taylor and R. Young added as coauthors
1/20/2011
Full Bill Text
No bill text available