Indiana legislation · 2026 Regular Session
Indiana HB1169: College savings tax credit.
Status: In committee, January 5, 2026
Beginning in taxable year 2027, increases the credit provided for a contribution to an Indiana529 savings plan against a taxpayer's adjusted gross income from $1,500 to $2,500 (and from $750 to $1,250 in the case of a married individual filing a separate return), subject to other requirements.
What the bill says
A bill FOR AN ACT to amend the Indiana Code concerning taxation.
From the introduced text:
A BILL FOR AN ACT to amend the Indiana Code concerning taxation. SECTION 1. IC 6-3-3-12, AS AMENDED BY P.L.205-2025, SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2027]: Sec. 12. (a) As used in this section, "account" has the meaning set forth in IC 21-9-2-2. (b) As used in this section, "account beneficiary" has the meaning set forth in IC 21-9-2-3. (c) As used in this section, "account owner" has the meaning set forth in IC 21-9-2-4. (d) As used in this section, "Indiana529 plan" refers to an Indiana529 plan established under IC 21-9. (e) As used in this section, "contribution" means the amount of money directly provided to an Indiana529 plan account by a taxpayer. A contribution does not include any of the following: (1) Money credited to an account as a result of bonus points or other forms of consideration earned by the taxpayer that result in a transfer of money to the account. (2) Money transferred from any other qualified tuition program 2026 IN 1169--LS 6517/DI under Section 529 of the Internal Revenue Code or from any other similar plan. (3) Money transferred from any qualified ABLE program under Section 529A of the Internal Revenue Code or any other similar plan. (f) As used in this section, "nonqualified withdrawal" means a withdrawal or …
Sponsors
- Sheila Klinker (D, HD-027) · primary sponsor
Latest actions
- : First reading: referred to Committee on Ways and Means
- : Authored by Representative Klinker
Subjects: TAXES; Adjusted Gross Income Taxes, TAXES; Credits, SCHOOLS; Financial Assistance (Including Vouchers, Choice Scholarships, and Education Savings Accounts), HIGHER EDUCATION; Colleges and Universities (Including Ivy Tech)
Common questions
- What is HB1169?
- HB1169 is a bill in the Indiana Legislature (2026 Regular Session): College savings tax credit.
- What does HB1169 do?
- In its own words: A bill FOR AN ACT to amend the Indiana Code concerning taxation.
- What is the status of HB1169?
- In committee as of January 5, 2026. Latest action: First reading: referred to Committee on Ways and Means (January 5, 2026).
- Who sponsored HB1169?
- Sheila Klinker (D, HD-027).
- Where is the official record for HB1169?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/house/1169
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.