- Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Indiana General Assembly
Senate Bill 0528


Search all legislative material from the 2009 Session.
General Assembly Home Page

Session Information

Complete Bill Listing

Get Acrobat Reader
You will need to download and install Acrobat Reader to view PDF documents.


Senate Bill 0528

ARCHIVE (2009)

Latest Information

DIGEST OF SB528 (Updated February 19, 2009 4:35 pm - DI 84)

School scholarship tax credit. Provides that a taxpayer is entitled to a state tax credit for a contribution to a scholarship granting organization. Provides that the contribution must be used by the scholarship granting organization in a scholarship program to provide scholarships to eligible students. Specifies that the amount of a taxpayer's credit is equal to 50% of the amount of the contribution made to the scholarship granting organization for a school scholarship program. Limits the total amount of tax credits that may be awarded to $5,000,000 in any state fiscal year. 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) either is a member of a household with an annual income of not more than 200% of the amount required for the individual to qualify for the federal free or reduced price lunch program or the individual received a scholarship in the immediately preceding school year or school term and qualified under the income requirements in the first year that the individual received a scholarship; and (5) meets at least one of the following conditions: (A) The individual is enrolling in kindergarten. (B) The individual was enrolled in a public school during the school year preceding the first school year for which a scholarship granting organization provides a scholarship. (C) The individual received a scholarship from the Educational CHOICE Charitable Trust for the 2008-2009 school year. (D) The individual received a school scholarship for the previous school year. Sets forth a process for the department of state revenue (department) to certify a scholarship program administered by a scholarship granting organization. Specifies that a participating school may be a public or nonpublic school that an eligible student is required to pay tuition or transfer tuition to attend. Provides that a scholarship granting organization must: (1) distribute at least 90% of the total amount of contributions as school scholarships to eligible students; and (2) distribute 100% of any income earned on contributions as school scholarships to eligible students. Provides that the scholarships are used for tuition (including transfer tuition) and fees that would otherwise be charged by a participating school to eligible students or parents of eligible students. Requires a participating school to either administer the ISTEP tests or administer another nationally recognized and norm-referenced assessment of the school's students. Provides that a program may not be certified as a school scholarship program if the program: (1) limits a recipient of a school scholarship to attending specific participating schools; or (2) limits the ability of a recipient of a school scholarship to change attendance from one (1) participating school to another participating school. Requires a scholarship granting organization to contract with an independent certified public accountant for an annual financial audit of the scholarship granting organization. Requires the scholarship granting organization to provide a copy of the annual financial audit to the department and to make the annual financial audit available to a member of the public upon request.
    Current Status:
     In Committee - 2nd House
    >Latest Printing > (PDF)