KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB264 • 2026

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Labor Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Senator Brian Buchanan
Last action
2026-01-28
Official status
Senate Bill (H)
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on the amount of tax credit increase or frequency limits for wage-based credits.

Indiana Economic Development Tax Credit Changes

This bill modifies the EDGE tax credit rules, allowing for increased credits based on relocation expenses and wage increases.

What This Bill Does

  • Authorizes the IEDC to increase the value of an EDGE credit for companies creating new jobs by relocating individuals to Indiana.
  • Explicitly permits the IEDC to provide EDGE credits to companies retaining employees through a minimum 25% increase in hourly wages.

Who It Names or Affects

  • Companies looking to create new jobs in Indiana
  • Employees whose wages are increased by at least 25% to keep their jobs

Terms To Know

EDGE tax credit
A type of tax credit given to companies in Indiana to help with economic development.
IEDC
Indiana Economic Development Corporation, the agency that manages and provides information about economic development programs in Indiana.

Limits and Unknowns

  • The bill does not specify how much more tax credit companies can get for relocating workers.
  • It is unclear if there are limits on how many times a company can use this new provision to keep employees with higher wages.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SB0264.01.INTR.AMS02

Committee Introduced Senate Bill (S) • Senator Brian Buchanan

Filed

Plain English: The amendment aims to modify the Indiana Code regarding EDGE tax credits.

  • Modifies provisions related to EDGE (Economic Development for a Growing Economy) tax credits in the Indiana Code.
  • The official text does not provide specific details about how the EDGE tax credit provisions will be modified, making it unclear what exact changes are proposed.
SB0264.01.INTR.AMS01

Committee Introduced Senate Bill (S) • Senator Scott Baldwin

Filed

Plain English: The amendment adds a new section to the Indiana Code that allows for a tax credit for venture capital investments.

  • Adds a new section to the Indiana Code allowing individuals and businesses to receive a tax credit for making venture capital investments.
  • The exact details of how much the tax credit will be or what specific criteria are required for qualifying venture capital investments are not provided in the amendment text.
SB0264.02.COMS.AMS001

Filed Senate Bill (H) • Senator Shelli Yoder

Failed

Plain English: This amendment would change how Indiana taxes certain businesses by altering the tax rates and credits available to them.

  • Modifies the tax rate for specific business entities.
  • Adjusts the eligibility criteria for tax credit programs.
  • The exact details of the changes are not provided in the summary, making it hard to explain fully without additional information.

Bill History

  1. 2026-01-28 House

    First reading: referred to Committee on Ways and Means

  2. 2026-01-27 Senate

    Referred to the House

  3. 2026-01-26 Senate

    Third reading: passed; Roll Call 84: yeas 41, nays 3

  4. 2026-01-26 Senate

    House sponsor: Representative Lopez

  5. 2026-01-22 Senate

    Second reading: ordered engrossed

  6. 2026-01-20 Senate

    Committee report: amend do pass, adopted

  7. 2026-01-08 Senate

    Authored by Senators Buchanan, Rogers

  8. 2026-01-08 Senate

    First reading: referred to Committee on Tax and Fiscal Policy

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Economic development tax credits.

Current Bill Text

Read the full stored bill text 
A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Economic development tax credits.

Amends the economic development for a growing economy (EDGE) tax credit to: (1) authorize the Indiana economic development corporation (IEDC) to increase the value of an EDGE credit to a company for new job creation based on the amount of expenses of the company to relocate an individual to Indiana to fill the position; and (2) explicitly permit the IEDC to provide EDGE credits to a company that is retaining an employee through a minimum of a 25% increase in hourly wages paid to the individual. Clarifies provisions that apply to IEDC certification of a fund as a qualified Indiana investment fund.