2025 Regular Session • Indiana Legislature
HB1256: College savings tax credit.
Legislative Summary
College savings tax credit. Beginning in taxable year 2026, increases the credit provided for a contribution to a college choice 529 education savings plan against a taxpayer's adjusted gross income from $1,500 to $2,500 (and from $750 to $1,250 in the case of a married individual filing a separate return), subject to other requirements.
Demographic Impact
Overall analysis of equity impact
70% Positive
Medium ConfidenceView detailed demographic breakdown ↓Unlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
Bill History
1/9/2025
Authored by Representative Klinker
House of Representatives
1/9/2025
First reading: referred to Committee on Ways and Means
House of Representatives
Status Information
Current Status
Introduced(1/9/2025)
Chamber
House of Representatives
Committee
Ways and Means(House of Representatives)
Sponsors
Democrat: 1
Primary Sponsor
Sheila Klinker
Democrat