HB 1003-54_ Filed 03/09/2011, 07:56 Behning


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1003 be amended to read as follows:

SOURCE: Page 1, line 1; (11)MO100387.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 6-3.1-30.5-2.5; (11)MO100387.1. -->     "SECTION 1. IC 6-3.1-30.5-2.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]: Sec. 2.5. As used in this chapter, "public school foundation" refers to a foundation established under IC 20-26-5-22.5.".
SOURCE: Page 1, line 9; (11)MO100387.1. -->     Page 1, between lines 9 and 10, begin a new paragraph and insert:
SOURCE: IC 6-3.1-30.5-7; (11)MO100387.3. -->     "SECTION 3. IC 6-3.1-30.5-7, AS ADDED BY P.L.182-2009(ss), SECTION 205, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]: Sec. 7. A taxpayer that makes a contribution to:
         (1) a scholarship granting organization for use by the scholarship granting organization in a school scholarship program; or
        (2) a public school foundation in a taxable year beginning after December 31, 2011;

is entitled to a credit against the taxpayer's state tax liability in the taxable year in which the taxpayer makes the contribution.".
SOURCE: Page 1, line 15; (11)MO100387.1. -->     Page 1, line 15, delete ":" and insert " or to a public school foundation:".
    Page 2, between lines 6 and 7, begin a new paragraph and insert:
SOURCE: IC 6-3.1-30.5-12; (11)MO100387.5. -->     "SECTION 5. IC 6-3.1-30.5-12, AS ADDED BY P.L.182-2009(ss), SECTION 205, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]: Sec. 12. A contribution to a scholarship

granting organization shall be treated as having been made for use in a school scholarship program if:
        (1) the contribution is made directly to a scholarship granting organization; and
        (2) either:
            (A) not later than the date of the contribution, the taxpayer designates in writing to the scholarship granting organization that the contribution is to be used only for a school scholarship program; or
            (B) the scholarship granting organization provides the taxpayer with written confirmation that the contribution will be dedicated solely for use in a school scholarship program.".

SOURCE: Page 2, line 24; (11)MO100387.2. -->     Page 2, between lines 24 and 25, begin a new line blocked left and insert:
" Not more than twenty-five percent (25%) of the credits awarded in a state fiscal year may be awarded for contributions to public school foundations.".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1003 as printed February 18, 2011.)

________________________________________

Representative Behning


MO100387/DI 51     2011