| IN | SB0353 | Intro
25% | Property tax rate freeze. Provides a calculation to be used in determining the maximum permissible ad valorem property tax levy and resulting tax rate for taxes first due and payable in 2026 and 2027, to cap the increase in the levy and tax rates bas...
[Detail][Text][Discuss] | 2025-01-30
To Senate Tax and Fiscal Policy Committee |
| IN | SB0389 | Intro
25% | Annexation of fire protection district territory. Provides the following with regard to certain annexations that include property within a fire protection district (district) for which the annexation ordinance was adopted on October 7, 2024, the anne...
[Detail][Text][Discuss] | 2025-01-30
To Senate Tax and Fiscal Policy Committee |
| IN | SB0001 | Intro
25% | Property tax relief. Amends the homestead standard deduction amount to equal either: (1) 60% of the homestead's assessed value (AV), in the case of a homestead with an AV that exceeds $125,000; or (2) $48,000 plus 60% of the remaining AV, in the case...
[Detail][Text][Discuss] | 2025-01-30
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0407 | Intro
25% | Tax credit for employer guard and reserve expenses. Establishes a tax credit for a taxpayer that employs a member of a reserve component of the armed forces of the United States or the Indiana National Guard. Requires the taxpayer to submit certain i...
[Detail][Text][Discuss] | 2025-01-29
To Senate Tax and Fiscal Policy Committee |
| IN | SB0306 | Intro
25% | Film and media production tax credit. Provides that a taxpayer may assign any part of the film and media production tax credit (credit) that the taxpayer may claim. Sets forth the procedure for a taxpayer to make the assignment. Extends the credit's ...
[Detail][Text][Discuss] | 2025-01-23
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0292 | Intro
25% | Short line railroad tax credit. Allows a taxpayer to claim a credit against state income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures. Specifies the amount of the credit. Limits the tota...
[Detail][Text][Discuss] | 2025-01-23
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0040 | Intro
25% | Little Calumet River basin development commission. Requires the Little Calumet River basin development commission (commission) to submit an annual budget to the Lake County council (council) before September 1 of each year for a nonbinding review. Re...
[Detail][Text][Discuss] | 2025-01-23
To Senate Tax and Fiscal Policy Committee |
| IN | SB0304 | Intro
25% | Marion food and beverage tax. Authorizes the city of Marion to impose a food and beverage tax of not more than 1% of the gross retail income received from a taxable transaction.
[Detail][Text][Discuss] | 2025-01-23
To Senate Tax and Fiscal Policy Committee |
| IN | SB0006 | Intro
25% | Property tax deferral program. Authorizes a county fiscal body to adopt an ordinance to establish a property tax payment deferral program (program). Provides that a qualified individual participating in the program may defer the payment of part of th...
[Detail][Text][Discuss] | 2025-01-21
To Senate Tax and Fiscal Policy Committee |
| IN | SB0453 | Intro
25% | Various tax matters. Amends estimated quarterly tax payment provisions. Restructures tax collection requirements for kerosene to eliminate specialized tax filing. Streamlines the filing requirements for gasoline use tax to eliminate multiple filing r...
[Detail][Text][Discuss] | 2025-01-21
To Senate Tax and Fiscal Policy Committee |
| IN | SB0129 | Intro
25% | Landlocked property. Defines "landlocked property" as real property that has been shut off from all public highways as a result of the vacation of one or more public highways. Provides that if an action of the state, or an agency or political subdivi...
[Detail][Text][Discuss] | 2025-01-21
To Senate Tax and Fiscal Policy Committee |
| IN | SB0025 | Intro
25% | Income tax deduction for renters. Increases the maximum renter's deduction for income tax purposes from $3,000 to $4,000 per taxable year.
[Detail][Text][Discuss] | 2025-01-21
To Senate Tax and Fiscal Policy Committee |
| IN | SB0297 | Intro
25% | Film and media production tax credit. Provides that a taxpayer may assign all or part of the taxpayer's film and media production tax credit.
[Detail][Text][Discuss] | 2025-01-21
To Senate Tax and Fiscal Policy Committee |
| IN | SB0497 | Intro
25% | Tax credit for newborn children. Amends the definition of adjusted gross income to remove the additional dependent child exemption of $1,500 in the first taxable year in which an allowed child is claimed. Establishes a refundable tax credit for newbo...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0518 | Intro
25% | School property taxes. Provides that all school corporations that adopt a resolution for a property tax levy for a controlled project or a school safety referendum tax levy after May 10, 2025, must share revenue received from the levy with certain ch...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0392 | Intro
25% | Property tax relief for seniors and veterans. Makes certain changes to the qualification requirements and credit amount for the over 65 circuit breaker credit. Makes certain changes to the qualification requirements and deduction amount for the prope...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0007 | Intro
25% | Agricultural land assessment. Amends a capitalization rate percentage under the statewide agricultural land base rate determination.
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0009 | Intro
25% | Maximum levy growth quotient. Amends, beginning with property taxes first due and payable in 2027, the calculation to determine the maximum levy growth quotient (MLGQ) used in determining a civil taxing unit's maximum permissible ad valorem property ...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0510 | Intro
25% | Deductions for disabled veterans. Provides that, for an individual who has received a property tax deduction available to certain veterans in a previous year, increases in assessed value that occur after December 31, 2025, are not considered for purp...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0540 | Intro
25% | Local fiscal matters. Raises the acquisition cost threshold for purposes of the personal property tax exemption from $80,000 to $250,000. Limits the ability to seek an excess levy appeal to those units that have experienced a year over year populatio...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0508 | Intro
25% | Property tax streamline. Abolishes the offices of county assessor and township assessor, effective July 1, 2025. Transfers the duties of the assessor to the county auditor. Requires the department of local government finance (DLGF) to develop an auto...
[Detail][Text][Discuss] | 2025-01-16
To Senate Tax and Fiscal Policy Committee |
| IN | SB0008 | Intro
25% | School levy referenda. Provides that: (1) a referendum authorizing a school corporation to impose property taxes to pay debt service on bonds or lease rentals on a lease for a specified controlled project; (2) a school corporation operating referendu...
[Detail][Text][Discuss] | 2025-01-14
To Senate Tax and Fiscal Policy Committee |
| IN | SB0303 | Intro
25% | Dependent child exemptions. Provides that a fetus is considered a dependent child for purposes of the dependent child state adjusted gross income exemptions.
[Detail][Text][Discuss] | 2025-01-14
To Senate Tax and Fiscal Policy Committee |
| IN | SB0367 | Intro
25% | Annual adjustment of assessed value. Provides that the assessed value of residential real property that is used and occupied by the owner of the property as the owner's primary residence shall not be adjusted based on investment residential real prop...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0340 | Intro
25% | Maximum increase of homestead property tax bill. Caps the year over year increase of property tax liability on a homestead at 2%.
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0290 | Intro
25% | Local taxes in certain municipalities. Requires the department of local government finance to increase the maximum permissible property tax levy for certain qualifying municipalities for property taxes first due and payable in 2025 to include all deb...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0345 | Intro
25% | Property tax matters. Amends the property tax exemption for property used by a for-profit provider of early childhood education, including by requiring the provider to offer age appropriate curriculum and by excluding from the exemption tangible prop...
[Detail][Text][Discuss] | 2025-01-13
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0347 | Intro
25% | Indiana economic development corporation. Allows the fiscal body of a county, city, or town to adopt an ordinance to require the Indiana economic development corporation (corporation) to make payments in lieu of taxes (PILOTS) with respect to real pr...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0356 | Intro
25% | Hospitality taxes. Prohibits the civic center authority in Delaware County, which is established to receive and administer tax revenue from the county's food and beverage tax, from delegating any of its authorities under the food and beverage statute...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0357 | Intro
25% | Accelerated depreciation. Couples Indiana depreciation provisions with federal depreciation provisions under Section 179 of the Internal Revenue Code (Section 179). Increases the Section 179 threshold from $25,000 to $100,000 for Indiana adjusted gro...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0361 | Intro
25% | Renter's deduction for disabled veterans. Provides an additional tax deduction for a disabled veteran who rents a dwelling for use as the disabled veteran's principal place of residence.
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0390 | Intro
25% | Adjusted gross income tax filing requirement. Provides that minimum wage income is exempt from the adjusted gross income tax. Defines "minimum wage income". Provides that an individual whose only source of income is minimum wage income is not require...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0394 | Intro
25% | Various tax and fiscal matters. Provides a maximum property tax liability credit for certain homestead owners based on the owner's age and annual income. Specifies the amount of the credit. Makes certain changes to the deduction amounts and qualifica...
[Detail][Text][Discuss] | 2025-01-13
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0439 | Intro
25% | Tax increment financing. Provides that if a proposed redevelopment project area is not taxable at the time the allocation area is being established, any property taxes that would have been paid on undeveloped land shall be included in the base assess...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0252 | Intro
25% | Boone County innkeeper's tax. Authorizes Boone County to impose its innkeeper's tax at a rate of 8% under the uniform innkeeper's tax statute (instead of 5% under current law).
[Detail][Text][Discuss] | 2025-01-13
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0316 | Intro
25% | Investment partnership tax. Provides certain sourcing rules for the adjusted gross income of an investment partnership. Defines "investment partnership".
[Detail][Text][Discuss] | 2025-01-13
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0315 | Intro
25% | Maximum levy growth quotient cap. Extends the calculation used to determine the maximum levy growth quotient added by HEA 1499-2023 to 2026.
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0455 | Intro
25% | Newborn tax credit. Amends the definition of adjusted gross income to remove the additional dependent child exemption of $1,500 in the first taxable year in which an allowed child is claimed. Establishes a refundable tax credit for newborn children, ...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0456 | Intro
25% | Shipshewana food and beverage tax. Allows the fiscal body of the town of Shipshewana to increase its food and beverage tax from 1% to not more than 2% of the gross retail income received by a retail merchant from a taxable transaction.
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0465 | Intro
25% | Certified technology parks. Provides that if a Level 2 certified technology park (park): (1) has reached the limit of deposits for a Level 2 park; (2) maintains its certification; and (3) is located within a military base enhancement area; the park s...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0469 | Intro
25% | Assessment of land used for solar power generation. Amends provisions that require the department of local government finance to annually determine a solar land base rate to divide the current south region into two regions (southeast and southwest re...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0401 | Intro
25% | 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 tax...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SJR0023 | Intro
25% | Homestead exemption for persons age 65 and older. Requires the general assembly to exempt the homestead of a person who is at least 65 years of age from property taxation. This proposed amendment has not been previously agreed to by a general assembl...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0395 | Intro
25% | Child and dependent care tax credit. Provides a refundable child and dependent care tax credit to taxpayers whose adjusted gross income for the taxable year is not more than 250% of the federal poverty level. Provides that the credit is equal to the ...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0288 | Intro
25% | Taxation of fuel. Provides that the gasoline license tax and the special fuel license tax must be imposed at the rate in effect on June 30 of the prior state fiscal year multiplied by the lesser of: (1) the statutory index factor; or (2) 1.02. Provid...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0314 | Intro
25% | Pass through entity tax. Amends a provision of the pass through entity tax concerning the determination of a resident direct owner's share of adjusted gross income before allocation and apportionment of that income to allow the electing entity to exc...
[Detail][Text][Discuss] | 2025-01-13
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
| IN | SB0391 | Intro
25% | Political subdivision budgets. Provides that, notwithstanding any growth in a political subdivision's assessed value in the previous year, a political subdivision's ad valorem property tax levy shall not exceed the ad valorem property tax levy for it...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0346 | Intro
25% | Rural business growth. Establishes a state tax credit (credit) for certain capital investments made in rural funds. Establishes procedures for a rural fund to apply to the Indiana economic development corporation (IEDC) for certification of a capital...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0368 | Intro
25% | Homestead exemption for persons at least age 65. Eliminates property taxes on primary residences for those who are at least 65 years of age (qualified homesteads) beginning with the assessment date on January 1 of the year that immediately succeeds t...
[Detail][Text][Discuss] | 2025-01-13
To Senate Tax and Fiscal Policy Committee |
| IN | SB0254 | Intro
25% | Biofuel tax credits. Provides tax credits for: (1) the sale of higher ethanol blend; and (2) the: (A) sale of blended biodiesel or renewable diesel; and (B) blending of biodiesel or renewable diesel. Provides that the amount of the higher ethanol ble...
[Detail][Text][Discuss] | 2025-01-13
[Hearing: Feb 4 @ 9:00 am]
To Senate Tax and Fiscal Policy Committee |
