IN HB1149

Creates a 50% tax credit for contributions made to scholarship granting organizations (SGOs) that provide early childhood scholarships for children age 6 and under attending qualified child care providers

Caps total tax credits at $100,000,000 per state fiscal year, with unused credits eligible for carryforward up to 9 years

Qualified child care providers must be licensed centers, homes, or ministries with Level 3 or 4 Paths to QUALITY ratings, or state-accredited public/nonpublic schools

Requires SGOs to be 501(c)(3) nonprofits, limit administrative costs to 10% of contributions, conduct criminal background checks on employees/board members, and submit annual reports and independent financial audits to the Department of Education

Prohibits school corporations operating early childhood education programs from limiting participation solely to children residing within their district