Indiana House Bill 1293

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-13 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Investor ownership of single family residences. Establishes the housing down payment assistance fund. Establishes a transfer tax equal to 50% of the fair market value of a single family residence for each single family residence acquired by an applicable taxpayer after the applicable date. Establishes a maximum number of single family residences that may be owned by an applicable taxpayer after the applicable date for purposes of calculating an annual excise tax on any excess single family residences.

Investor ownership of single family residences.

Rep. Earl Harris [D]

Date	Chamber	Action
2025-01-13	House	First reading: referred to Committee on Ways and Means
2025-01-13	House	Authored by Representative Harris

Type	Source
Summary	https://iga.in.gov/legislative/2025/bills/house/1293/details
Text	https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1293/HB1293.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1293/fiscal-notes/HB1293.01.INTR.FN001.pdf