College savings tax credit.

Summary

HB 1169 proposes to increase the maximum credit from $1,500 to $2,500 (or $750 to $1,250 for married individuals filing separately) for taxpayers who contribute to an Indiana529 plan. The credit equals 20 % of the contribution amount up to those limits and must be claimed on the state income tax return. If a non‑qualified withdrawal is taken, the taxpayer must repay part of the credit.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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