Indiana HB1331 increases the school scholarship tax credit percentage from 50% to 75%.

HB1331 amends Indiana's tax code to increase the percentage of contributions that can be claimed for the school scholarship tax credit from 50% to 75%. It also allows taxpayers who commit to contributing the same amount for at least two consecutive years to claim a tax credit equal to 90% of their contribution. The bill adjusts the total amount of tax credits awarded annually and defines "participating school" to include nonpublic schools that voluntarily enroll eligible students and are accredited by the state board or a recognized agency.

Indiana HB1331 increases the school scholarship tax credit percentage from 50% to 75%.

HB1331 amends Indiana's tax code to increase the percentage of contributions that can be claimed for the school scholarship tax credit from 50% to 75%. It also allows taxpayers who commit to contributing the same amount for at least two consecutive years to claim a tax credit equal to 90% of their contribution. The bill adjusts the total amount of tax credits awarded annually and defines "participating school" to include nonpublic schools that voluntarily enroll eligible students and are accredited by the state board or a recognized agency.