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Senate Bill 0248


 

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Senate Bill 0248

ARCHIVE (2008)

Latest Information

 
DIGEST OF SB248 (Updated January 29, 2008 7:26 pm - DI 84)

Scholarship granting organization tax credit. Provides a state tax credit to a taxpayer that makes a contribution to a scholarship granting organization for use by the scholarship granting organization in a scholarship program to provide scholarships to eligible students. Defines "eligible student" as an individual who: (1) has legal settlement in Indiana; (2) is between five and 22 years of age; (3) either has been or is currently enrolled in a participating school; (4) is enrolling in kindergarten or was previously enrolled in a public school; and (5) either: (A) has an annual household income of not more than 300% of the federal income poverty level; or (B) received a scholarship as an eligible student in the immediately preceding school year. Sets forth a process for the department of state revenue to certify a scholarship program administered by a scholarship granting organization.
    Current Status:
     In Committee - 2nd House
    >Latest Printing > (PDF)