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IN SB0362

Bill

Official Source

Status

Engrossed

2/20/2019

Primary Sponsor

Jeff Raatz

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Increases the Indiana income tax credit for teachers who purchase classroom supplies from $100 to $500 per taxable year
  • Applies to individuals employed as teachers as defined in IC 20-18-2-22(a)
  • "Classroom supplies" defined as items qualifying for the federal educator expense deduction under Section 62(a)(2)(D) of the Internal Revenue Code
  • Effective retroactively to January 1, 2019, applying to taxable years beginning after December 31, 2018
  • Unused credit cannot be carried forward, carried back, or refunded

Legislative Description

Tax credit for classroom supplies. Increases the income tax credit for an individual employed as a teacher for amounts expended on classroom supplies from $100 to $500 per taxable year.

Last Action

Representative Bartels added as cosponsor

3/11/2019

Committee Referrals

Ways and Means2/26/2019
Tax and Fiscal Policy1/31/2019
Education and Career Development1/14/2019
Tax and Fiscal Policy1/10/2019

Full Bill Text

No bill text available