Indiana 2021 Regular Session Status: In Committee 2 R cosponsors

HB 1240 — College savings tax credit.

Last action — First reading: referred to Committee on Ways and Means

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Provides that a tax credit for contributions made to a college choice 529 education savings plan is available only for taxpayers whose gross annual income, including the gross annual income of the individual's spouse, if married, is less than $150,000. Increases the tax credit that an individual can claim for contributions made to a college choice 529 education savings plan.

Bill Text

We don't have the full text on file for this bill yet.

Read HB 1240 on the official Indiana source →

Action History

  1. First reading: referred to Committee on Ways and Means

  2. Authored by Representative Teshka

  3. Coauthored by Representative Prescott

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 148 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (148)

148 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation education
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Frequently asked questions

What does HB 1240 do?
Provides that a tax credit for contributions made to a college choice 529 education savings plan is available only for taxpayers whose gross annual income, including the gross annual income of the individual's spouse, if married, is less than $150,000. Increases the tax credit that an individual can claim for contributions made to a college choice 529 education savings plan.
Who sponsors HB 1240?
HB 1240 is sponsored by Jake Teshka (Republican) and J.D. Prescott (Republican).
What is the current status of HB 1240?
This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 1240?
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Last checked for changes 3 months ago · updated continuously

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