republic-os/legislation/us/states/in/2022/hb-1303.md

---
type: "Bill"
title: "Tax credit for ABLE account contributions."
description: "Creates (beginning January 1, 2024) a stand-alone credit for contributions to Indiana ABLE accounts. Provides that a taxpayer is entitled to a credit against adjusted gross income tax equal to the least of: (1) 20% of the amount of the total contributions made by the taxpayer to an account or accounts of an Indiana ABLE 529A savings plan during the taxable year; (2) $500; or (3) the amount of the taxpayer's adjusted gross income tax for the taxable year, reduced by the sum of all allowable credits. Provides that a taxpayer is not entitled to a carryback, carryover, or refund of an unused credit. Provides that a taxpayer may not sell, assign, convey, or otherwise transfer the tax credit. Provides that an account owner of an Indiana ABLE 529A savings plan must repay all or a part of the credit in a taxable year in which any nonqualified withdrawal is made."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2022"
identifier: "HB 1303"
citation: "Indiana HB 1303 (2022)"
classification: ["bill"]
subjects: ["INCOME TAXES", "Adjusted Gross Income Taxes", "INCOME TAXES", "Credits"]
status: "enacted"
primary_sponsors: ["Julie Olthoff", "Rick Niemeyer", "Travis Holdman"]
version_count: 4
action_count: 29
vote_count: 1
first_action: "2022-01-11"
last_action: "2022-03-14"
source: "openstates"
source_identifier: "ocd-bill/204ec240-8b3d-4d1d-ae17-ef88e56c5734"
source_url: "http://iga.in.gov/legislative/2022/bills/house/1303"
source_hash: "e971c69037f5482d2df2e54c915298429cf7e743d94c8e8c5dac39f8ffdc855e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-in"]
---

# Indiana HB 1303 (2022) — Tax credit for ABLE account contributions.

Creates (beginning January 1, 2024) a stand-alone credit for contributions to Indiana ABLE accounts. Provides that a taxpayer is entitled to a credit against adjusted gross income tax equal to the least of: (1) 20% of the amount of the total contributions made by the taxpayer to an account or accounts of an Indiana ABLE 529A savings plan during the taxable year; (2) $500; or (3) the amount of the taxpayer's adjusted gross income tax for the taxable year, reduced by the sum of all allowable credits. Provides that a taxpayer is not entitled to a carryback, carryover, or refund of an unused credit. Provides that a taxpayer may not sell, assign, convey, or otherwise transfer the tax credit. Provides that an account owner of an Indiana ABLE 529A savings plan must repay all or a part of the credit in a taxable year in which any nonqualified withdrawal is made.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Enrolled House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1303/versions/HB1303.04.ENRS)
2. **House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1303/versions/HB1303.02.COMH)
3. **House Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1303/versions/HB1303.03.COMS)
4. **Introduced House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/HB1303/versions/HB1303.01.INTR)

## Votes

- HB 1303 - Holdman - 3rd Reading — **48–0** (pass) · upper

## Sponsors

- Julie Olthoff — primary (person)
- Rick Niemeyer — primary (person)
- Travis Holdman — primary (person)
- Edward Clere — coauthor (person)
- J. Davisson — coauthor (person)
- Lonnie Randolph — cosponsor (person)
- Michael Karickhoff — coauthor (person)
- Vaneta Becker — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-01-11** Coauthored by Representatives Karickhoff and Davisson J.
- **2022-01-11** Authored by Representative Olthoff
- **2022-01-11** First reading: referred to Committee on Ways and Means `reading-1, referral-committee`
- **2022-01-20** Representative Clere added as coauthor
- **2022-01-24** Committee report: amend do pass, adopted `committee-passage`
- **2022-01-26** Second reading: ordered engrossed `reading-2`
- **2022-01-31** Senate sponsors: Senators Holdman and Niemeyer
- **2022-01-31** Third reading: passed; Roll Call 147: yeas 92, nays 0 `passage, reading-3`
- **2022-02-01** Referred to the Senate
- **2022-02-08** First reading: referred to Committee on Tax and Fiscal Policy `reading-1, referral-committee`
- **2022-02-17** Senator Randolph added as cosponsor
- **2022-02-22** Committee report: amend do pass, adopted `committee-passage`
- **2022-02-24** Senator Becker added as cosponsor
- **2022-02-28** Second reading: ordered engrossed `reading-2`
- **2022-03-01** Third reading: passed; Roll Call 307: yeas 48, nays 0 `passage, reading-3`
- **2022-03-02** Returned to the House with amendments `amendment-failure`
- **2022-03-02** Motion to dissent filed
- **2022-03-02** House dissented from Senate amendments `amendment-failure`
- **2022-03-02** House conferees appointed: Olthoff and Pryor
- **2022-03-02** House advisors appointed: Karickhoff, Engleman and Klinker
- **2022-03-02** Senate conferees appointed: Holdman and Randolph Lonnie M
- **2022-03-02** Senate advisors appointed: Niemeyer and Lanane
- **2022-03-07** Motion to concur filed
- **2022-03-07** House reconsidered and concurred in Senate amendments; Roll Call 345: yeas 94, nays 0 `amendment-failure`
- **2022-03-09** Signed by the Speaker
- **2022-03-09** Signed by the President Pro Tempore
- **2022-03-14** Signed by the Governor `executive-signature`
- **2022-03-14** Public Law 122
- **2022-03-14** Signed by the President of the Senate

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/204ec240-8b3d-4d1d-ae17-ef88e56c5734`. Confidence: reported (aggregated from official Indiana legislature records).