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Indiana General Assembly
Senate Bill 0436


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Senate Bill 0436

ARCHIVE (2007)

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Income tax credit for tuition costs. Provides an individual who is an eligible graduate of an Indiana institution of higher learning with a tax credit against the individual's adjusted gross income tax liability in the amount of 5% of the individual's qualified educational investment. Defines "qualified educational investment" as: (1) the sum of expenditures made by an eligible graduate for tuition and required instructional materials in the course of obtaining a degree from an institution of higher learning; multiplied by (2) a percentage, the magnitude of which varies with the academic accomplishments of the eligible graduate and different types of career service.
    Current Status:
     In Committee - first House
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