HB 1003-13_ Filed 04/18/2011, 10:47 Lanane



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

SOURCE: Page 1, line 1; (11)MO1003116.1. -->     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)MO1003116.1. -->     "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)MO1003116.1. -->     Page 1, between lines 9 and 10, begin a new paragraph and insert:
SOURCE: IC 6-3.1-30.5-7; (11)MO1003116.3. -->     "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 2, line 13; (11)MO1003116.2. -->     Page 2, line 13, after "year." 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 EHB 1003 as printed April 15, 2011.)


Senator LANANE

DS 100301/DI aj