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IN SB0136
Bill
Status
1/5/2016
Primary Sponsor
Karen Tallian
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AI Summary
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Expands the existing education expense income tax deduction to include expenses for dependent children attending public schools, not just private schools.
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Defines "education expenditure" to include tuition, fees, computer software, textbooks, workbooks, curricula, school supplies, and other written materials used for academic instruction or tutoring at public or private elementary or high schools.
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Allows a deduction of $1,000 per dependent child who made qualifying education expenditures during the taxable year, with married couples entitled to only one deduction combined.
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Requires taxpayers to claim the deduction on their annual state tax return in the manner prescribed by the Indiana Department of Revenue.
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Becomes effective January 1, 2017, and applies to taxable years beginning after December 31, 2010.
Legislative Description
Income tax deduction for public school expenses. Provides that the income tax deduction for education expenses for a dependent child is allowable for expenses made in connection with attendance at a public school. (Under current law, the tax deduction applies only to expenses made in connection with a private school program.)
Last Action
First reading: referred to Committee on Tax & Fiscal Policy
1/5/2016