Indiana 2021 Regular Session Status: In Committee 3 D cosponsors

HB 1571 — Tax credit for student loan interest.

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

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This bill is no longer active — its legislative session has ended, so there are no live odds of enactment.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

Summary

Provides for a credit against an individual's adjusted gross income tax liability for student loan interest. Specifies that the amount of the credit is the lesser of $500 or the total amount expended for student loan interest during a taxable year. Specifies that for a married couple filing a joint return the maximum amount of the credit is $1,000. Provides that the Indiana commission for higher education shall study the feasibility of transferring up to $120,000,000 in unrestricted funds from the Indiana secondary market for education loans to the state general fund and submit a report with its findings to the state budget committee.

Bill Text

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

Read HB 1571 on the official Indiana source →

Action History

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

  2. Authored by Representative GiaQuinta

  3. Coauthored by Representatives Johnson and Gore

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (147)

147 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 1571 do?
Provides for a credit against an individual's adjusted gross income tax liability for student loan interest. Specifies that the amount of the credit is the lesser of $500 or the total amount expended for student loan interest during a taxable year. Specifies that for a married couple filing a joint return the maximum amount of the credit is $1,000. Provides that the Indiana commission for higher education shall study the feasibility of transferring up to $120,000,000 in unrestricted funds from the Indiana secondary market for education loans to the state general fund and submit a report with its findings to the state budget committee.
Who sponsors HB 1571?
HB 1571 is sponsored by Philip GiaQuinta (Democrat), Blake Johnson (Democrat), and Mitch Gore (Democrat).
What is the current status of HB 1571?
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 1571?
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Last checked for changes 3 months ago · updated continuously

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