FOR IMMEDIATE RELEASE
Contact: Lance Gideon, Press Secretary
Lance.Gideon@iga.in.gov
317-234-9221
STATEHOUSE (Feb. 20, 2023) — A bill authored by State Sen. Brian Buchanan (R-Lebanon) that would provide a state tax credit for donations made to public school foundations in 2024 and 2025 passed the Senate today by a bipartisan vote.
Senate Bill 260 would allow Hoosiers to claim a nonrefundable 25% tax credit on contributions made to public school foundations, not to exceed $1,000 for individuals filing a single return or a corporation and $2,000 for married couples filing a return jointly.
"Indiana's public school foundations offer financial support to public schools by funding scholarships, teacher education and other capital projects," Buchanan said. "SB 260 would encourage Hoosiers and private corporations to make an investment in Indiana's future by contributing to these organizations."
The bill now moves to the Indiana House of Representatives for further consideration.
Legislative calendars, agendas, vote tallies, live streams and proposed legislation can be viewed online by visiting iga.in.gov.
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State Sen. Brian Buchanan (R-Lebanon) represents Senate District 7,
which includes Clinton County and portions of Boone, Hendricks and Montgomery counties.
Click here to download a high-resolution photo.
