Indiana Senate Bill 174 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Introduced on January 9 2023 - 25% progression, died in committee
Action: 2023-01-30 - Senators Melton, Alting, Charbonneau added as coauthors
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Indiana historic tax credits. Allows a credit against a qualified taxpayer's state tax liability in an amount equal to either 25% or 30% of the qualified taxpayer's qualified expenses related to the rehabilitation of a qualified historic structure. Provides that, for a qualified taxpayer that is tax exempt under Section 501(c)(3) of the Internal Revenue Code, the credit is equal to 30% of the qualified taxpayer's expenses. Provides that the credit is transferrable and may be carried forward for 10 years, but may not be carried back.

Indiana historic tax credits.

Sen. Dan Dernulc [R]	Sen. Justin Busch [R]	Sen. David Niezgodski [D]	Sen. Travis Holdman [R]
Sen. Eddie Melton [D]	Sen. Ronnie Alting [R]	Sen. Ed Charbonneau [R]

Date	Chamber	Action
2023-01-30	Senate	Senators Melton, Alting, Charbonneau added as coauthors
2023-01-26	Senate	Senator Holdman added as coauthor
2023-01-26	Senate	Senator Niezgodski added as coauthor
2023-01-26	Senate	Senator Busch added as third author
2023-01-09	Senate	First reading: referred to Committee on Appropriations
2023-01-09	Senate	Authored by Senator Dernulc

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/174/details
Text	https://iga.in.gov/legislative/2023/bills/senate/174/#1.INTR