Indiana Senate Bill 401

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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 Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Landlord tax credit. Provides that a taxpayer is entitled to a credit against the taxpayer's state income tax liability in a taxable year equal to the lesser of: (1) $1,500 multiplied by the number of rental units that the taxpayer rents during a taxable year to individuals that were incarcerated at some time not more than three years prior to the taxable year; or (2) $7,500. Provides that to obtain the credit, the taxpayer must claim the credit in the manner prescribed by the department. Prohibits the taxpayer from claiming any carryover, carryback, or refund of any unused credit.

Landlord tax credit.

Sen. Greg Taylor [D]

Date	Chamber	Action
2025-01-13	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2025-01-13	Senate	Authored by Senator Taylor G

Type	Source
Summary	https://iga.in.gov/legislative/2025/bills/senate/401/details
Text	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0401/SB0401.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0401/fiscal-notes/SB0401.01.INTR.FN001.pdf