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HB 1256 Indiana House · 2025 Regular Session

College savings tax credit.

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for college savings, providing direct tax relief for education expenses under state tax policy.95% confidence ✓ EducationSupports EducationIncreases tax credit for 529 college savings plans, expanding financial access to higher education through tax incentives.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2025 Last action Jan 9, 2025
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Full legislative history

Actions timeline

Total actions
2
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Committee
0
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Sheila Klinker
Sheila Klinker
DDemocratic
IN
27