Ind. Lawmaker Aims To Create Tax Credit For Workforce Education Contributions

The legislation has passed an early hurdle.

(Indianapolis, Ind.) - A bill authored by State Senator Jeff Raatz has passed the Senate Committee on Education and Career Development.

Senate Bill 420 would created and Industry Credentialing Organization that funds work-based learning for students. The bill would also allow those who donate to the fund to receive a tax credit equal to 50 percent of their contribution.

“Right now, there are many high-paying jobs available in our workforce that require only a certification, not a college degree, and employers are struggling to find employees with the necessary skills to fill the positions,” Raatz said. “By creating an ICO and rewarding those who participate, Indiana could gain millions of dollars in private investment to fund apprenticeships, internships, graduation pathways and career coaching for students, leading them on a path to obtain a successful career.”

Under the bill, an ICO’s created would require an annual audit by a certified public accountant.

SB 420 now moves to the Senate Committee on Tax and Fiscal Policy.

More from Local News


Events

Brush Fork Road to Close for Bridge Replacement

The project is slated to start March 24.

Special Olympics to Host Breakfast with the Easter Bunny

The event is set for April 13 at South Ripley Elementary School.

Rolling Roadblocks Scheduled for Pothole Patching on Various Road in Boone Co.

Crews will be pothole patching on Aero Parkway (KY 1017), KY 237, I-275 and I-75.

Bill Brinkman to Receive Outstanding Official Award

Brinkman is in his 35th year as an official.

Seven Earn Academic All-State Honors from ICGSA

To be eligible, student-athletes have to have a GPA of 3.5 or higher.

Craig, Henry Named to HBCA East All-Star Team

Two Ohio River Valley Conference stars will team at the HBCA East/West All-Star Classic. 

On Air

Shania Twain Forever and for Always 0:24
Little Texas What Might Have Been 0:20
Dan + Shay Bigger Houses 0:17
Reba McEntire Can't Even Get the Blues 0:14