Indiana 2021 Regular Session Status: Passed Senate Bipartisan · 8 R · 2 D cosponsors

SB 342 — State tax credit for public school foundation contributions.

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

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

This bill died with 2021 Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2021, and before January 1, 2024. Provides that the amount allowable as a credit in a taxable year may not exceed: (1) $1,000 in the case of an individual filing a single return or a corporation; or (2) $2,000 in the case of a married couple filing a joint return. Provides that the maximum amount of credits that may be awarded in a state fiscal year to $5,000,000.

Bill Text

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

Read SB 342 on the official Indiana source →

Action History

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

  2. Referred to the House

  3. Cosponsor: Representative Schaibley

  4. House sponsor: Representative Manning

  5. Third reading: passed; Roll Call 158: yeas 47, nays 2

  6. Senator Koch added as coauthor

  7. Senator Ford Jon added as coauthor

  8. Senator Crane added as coauthor

  9. Senators Raatz, Charbonneau, Rogers, Qaddoura added as coauthors

  10. Second reading: ordered engrossed

  11. Committee report: amend do pass, adopted

  12. Senator Bassler added as coauthor

  13. First reading: referred to Committee on Tax and Fiscal Policy

  14. Authored by Senators Buchanan, Houchin, Busch

Sponsors

Sponsorship breakdown

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4 sponsors · 9 co-sponsors · 137 not signed on

Sponsors (4)

Co-sponsors (9)

Not signed on (137)

137 members have not signed on to this bill.

Show all 137 →

"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

Votes

SB 342 - Buchanan - 3rd Reading

Passed 47 Yea · 2 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 27000
Unaffiliated 14201
Democrat 6000
Total 47201
% of votes cast 94%4%0%2%
How each member voted (50)
Member Party Vote
Crane — Yea
Houchin — Yea
Kruse — Yea
Lanane — Yea
Sandlin — Yea
Boots — Yea
Melton — Yea
Messmer — Yea
Breaux — Yea
Young — Yea
Grooms — Yea
Perfect — Yea
Zay — Yea
Brown — Nay
Tallian — Nay
Mrvan — Not Voting
Ford Jon — Yea
David Niezgodski Democrat Yea
Fady Qaddoura Democrat Yea
Greg Taylor Democrat Yea
J.D. Ford Democrat Yea
Lonnie Randolph Democrat Yea
Shelli Yoder Democrat Yea
Aaron Freeman Republican Yea
Blake Doriot Republican Yea
Brian Buchanan Republican Yea
Chris Garten Republican Yea
Ed Charbonneau Republican Yea
Eric Bassler Republican Yea
Eric Koch Republican Yea
Greg Walker Republican Yea
James Buck Republican Yea
James Tomes Republican Yea
Jean Leising Republican Yea
Jeff Raatz Republican Yea
Justin Busch Republican Yea
Kyle Walker Republican Yea
Linda Rogers Republican Yea
Michael Crider Republican Yea
Mike Bohacek Republican Yea
Mike Gaskill Republican Yea
Rick Niemeyer Republican Yea
Rodric Bray Republican Yea
Ron Alting Republican Yea
Ryan Mishler Republican Yea
Scott Baldwin Republican Yea
Stacey Donato Republican Yea
Susan Glick Republican Yea
Travis Holdman Republican Yea
Vaneta Becker Republican Yea

Official roll call →

Subjects

taxation education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 342 do?
Provides a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2021, and before January 1, 2024. Provides that the amount allowable as a credit in a taxable year may not exceed: (1) $1,000 in the case of an individual filing a single return or a corporation; or (2) $2,000 in the case of a married couple filing a joint return. Provides that the maximum amount of credits that may be awarded in a state fiscal year to $5,000,000.
Who sponsors SB 342?
SB 342 is sponsored by Justin Busch (Republican), Brian Buchanan (Republican), Erin Houchin, Eric Bassler (Republican), Jeff Raatz (Republican), Ed Charbonneau (Republican), Linda Rogers (Republican), Fady Qaddoura (Democrat), John Crane, Eric Koch (Republican), Ethan Manning (Republican), Donna Schaibley, and J.D. Ford (Democrat).
What is the current status of SB 342?
This bill died with 2021 Regular Session. It reached “Passed Senate” 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 SB 342?
Track SB 342 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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