Indiana 2025 Regular Session

Indiana House Bill HB1306 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	HOUSE BILL No. 1306
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-3-3-14.5.
7	7	Synopsis: Tax credit for teacher's classroom supplies. Increases the
8	8	maximum amount of the income tax credit for an individual employed
9	9	as a teacher for amounts expended for classroom supplies from $100
10	10	to $300 per taxable year.
11	11	Effective: January 1, 2025 (retroactive).
12	12	Andrade, Pfaff, Smaltz, Clere
13	13	January 13, 2025, read first time and referred to Committee on Ways and Means.
14	14	2025 IN 1306—LS 6436/DI 120 Introduced
15	15	First Regular Session of the 124th General Assembly (2025)
16	16	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
17	17	Constitution) is being amended, the text of the existing provision will appear in this style type,
18	18	additions will appear in this style type, and deletions will appear in this style type.
19	19	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
20	20	provision adopted), the text of the new provision will appear in this style type. Also, the
21	21	word NEW will appear in that style type in the introductory clause of each SECTION that adds
22	22	a new provision to the Indiana Code or the Indiana Constitution.
23	23	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
24	24	between statutes enacted by the 2024 Regular Session of the General Assembly.
25	25	HOUSE BILL No. 1306
26	26	A BILL FOR AN ACT to amend the Indiana Code concerning
27	27	taxation.
28	28	Be it enacted by the General Assembly of the State of Indiana:
29	29	1 SECTION 1. IC 6-3-3-14.5, AS ADDED BY P.L.213-2015,
30	30	2 SECTION 82, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31	31	3 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14.5. (a) As used in this
32	32	4 section, "classroom supplies" means any items that qualify for the
33	33	5 educator expense deduction under Section 62(a)(2)(D) of the Internal
34	34	6 Revenue Code. (as effective December 31, 2013).
35	35	7 (b) Each taxable year, an individual employed as a teacher (as
36	36	8 defined in IC 20-18-2-22(a)) is entitled to a credit against the
37	37	9 individual's adjusted gross income tax liability for amounts expended
38	38	10 during the taxable year for classroom supplies. The amount of the
39	39	11 credit is the lesser of:
40	40	12 (1) one three hundred dollars ($100); ($300); or
41	41	13 (2) the total amount expended for classroom supplies during a
42	42	14 taxable year.
43	43	15 (c) The credit provided by this section may not exceed the amount
44	44	16 of the individual's adjusted gross income tax liability for the taxable
45	45	17 year, reduced by the sum of all credits for the taxable year that are
46	46	2025 IN 1306—LS 6436/DI 120 2
47	47	1 applied before the application of the credit provided by this section.
48	48	2 The amount of any unused credit under this section for a taxable year
49	49	3 may not be carried forward to a succeeding taxable year, carried back
50	50	4 to a preceding taxable year, or refunded.
51	51	5 SECTION 2. [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]
52	52	6 (a) IC 6-3-3-14.5, as amended by this act, applies to taxable years
53	53	7 beginning after December 31, 2024.
54	54	8 (b) This SECTION expires June 30, 2027.
55	55	9 SECTION 3. An emergency is declared for this act.
56	56	2025 IN 1306—LS 6436/DI 120