Indiana HB1425 establishes a tax credit for contributions to nonprofit organizations providing specific social services.

Indiana HB1425 creates a tax credit for contributions to qualified nonprofit organizations that offer services such as case management for at-risk families, family support, parenting programs for fathers, and mutual support systems for mothers. To qualify, organizations must be exempt from federal income tax, authorized to operate in Indiana, and have provided these services for at least ten years. The credit is equal to the lesser of the contribution amount or 50% of the taxpayer's state tax liability, with a maximum credit of $1 million per year.

Indiana HB1425 establishes a tax credit for contributions to nonprofit organizations providing specific social services.

Indiana HB1425 creates a tax credit for contributions to qualified nonprofit organizations that offer services such as case management for at-risk families, family support, parenting programs for fathers, and mutual support systems for mothers. To qualify, organizations must be exempt from federal income tax, authorized to operate in Indiana, and have provided these services for at least ten years. The credit is equal to the lesser of the contribution amount or 50% of the taxpayer's state tax liability, with a maximum credit of $1 million per year.