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SB281 • 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.

Taxes Technology
Passed Legislature

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

Sponsor
Senator Greg Goode
Last action
2026-02-12
Official status
Senate Bill (H)
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Indiana Tax Credit Changes

This bill changes how Indiana gives out tax credits for economic development and technology parks.

What This Bill Does

  • The IEDC must give $35 million in redevelopment tax credits each year to help with investments.
  • The IEDC will work with an operating partner to run the federal Unmanned Aircraft System Test Site program.
  • $15 million of the annual certifiable tax credit amount must go to small towns for economic opportunities.
  • It updates rules about venture capital investment tax credits, making it easier for smaller amounts to be combined and used.
  • Technology parks that meet certain conditions can get more tax benefits if they are near military bases.

Who It Names or Affects

  • Development authorities
  • Nonprofit organizations involved in economic development
  • Local economic development groups
  • Small towns looking for investment opportunities

Terms To Know

redevelopment tax credits
Money that businesses can use to lower their taxes when they invest in new projects.
Level 2 certified technology park
A special area where tech companies get extra support and benefits from the government.

Limits and Unknowns

  • The bill does not specify how much tax credit each small town can receive.
  • It is unclear when exactly this bill will become law since it has not been signed by the governor yet.

Amendments

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

SB0281.03.ENGS.AMH10

Committee Engrossed Senate Bill (H) • Representative Danny Lopez

Filed

Plain English: This amendment changes the Indiana Code to modify rules related to income tax credits.

  • Modifies the rules for income tax credits in the Indiana Code.
  • The specific details of how the income tax credit rules will be modified are not provided, making it unclear exactly what changes will be made.
SB0281.03.ENGS.AMH04

Committee Engrossed Senate Bill (H) • Representative Edward DeLaney

Filed

Plain English: The amendment aims to modify the Indiana Code regarding taxation for data centers.

  • Modifies the Indiana Code concerning taxation, specifically targeting provisions related to data centers.
  • The exact details of how the tax code will be modified for data centers are not provided in the given text.
SB0281.03.ENGS.AMH03

Committee Engrossed Senate Bill (H) • Representative Gregory Porter

Filed

Plain English: The amendment adds a new section to the Indiana Code that allows for a tax credit for contributions made to the Dolly Parton Imagination Library.

  • Adds a new section in the Indiana Code allowing individuals who contribute to the Dolly Parton Imagination Library to receive a tax credit.
  • The amendment does not specify the amount of the tax credit or any eligibility requirements for receiving it, which would need to be determined elsewhere in the bill or by other means.
SB0281.01.INTR.AMS02

Committee Introduced Senate Bill (S) • Senator Travis Holdman

Filed

Plain English: This amendment makes various unspecified changes to the Indiana Code concerning taxation.

  • The exact nature of the changes is not specified in the provided text.
  • The official amendment text does not provide specific details about what changes are being made, making it impossible to describe the concrete changes.
SB0281.04.COMH.AMH001

Filed Senate Bill (H) • Representative Edward DeLaney

Failed

Plain English: This amendment aims to modify the Indiana Code regarding taxation but does not provide specific details on what changes it intends to make.

  • The amendment seeks to change the Indiana Code concerning taxation, but the exact nature of these changes is not specified in the provided text.
  • The official amendment text lacks detailed information about the specific changes to be made to the Indiana Code.
  • Without more details, it's unclear what concrete impact this amendment would have.
SB0281.04.COMH.AMH002

Filed Senate Bill (H) • Representative Edward DeLaney

Failed

Plain English: This amendment aims to modify the Indiana Code regarding taxation but does not provide specific details on what changes it intends to make.

  • The amendment seeks to change the Indiana Code concerning taxation, but the exact nature of these changes is not specified in the provided text.
  • The official amendment text lacks detailed information about the specific changes to be made to the Indiana Code.
  • Without more details, it's unclear what concrete impact this amendment would have.
SB0281.04.COMH.AMH003

Filed Senate Bill (H) • Representative Edward DeLaney

Failed

Plain English: This amendment aims to modify the Indiana Code regarding taxation but does not provide specific details on what changes it intends to make.

  • The amendment seeks to change the Indiana Code concerning taxation, but the exact nature of these changes is not specified in the provided text.
  • The official amendment text lacks detailed information about the specific changes to be made to the Indiana Code.
  • Without more details, it's unclear what concrete impact this amendment would have.
SB0281.04.COMH.AMH004

Filed Senate Bill (H) • Representative Gregory Porter

Failed

Plain English: This amendment would modify the Indiana Code regarding taxation, but the specific details of the changes are not provided in the given information.

  • The exact nature and content of the proposed change to the Indiana Code concerning taxation is unclear from the provided text.
  • The official amendment text does not provide enough detail to explain the concrete changes it would make.
SB0281.04.COMH.AMH005

Filed Senate Bill (H) • Representative Gregory Porter

Failed

Plain English: This amendment aims to modify the Indiana Code regarding taxation but does not provide specific details on what changes it intends to make.

  • The amendment seeks to change the Indiana Code concerning taxation, but the exact nature of these changes is unclear from the provided text.
  • The official amendment text lacks sufficient detail to explain the concrete changes it would make.
  • It is not clear what specific sections or aspects of the tax code this amendment intends to alter.
SB0281.04.COMH.AMH006

Filed Senate Bill (H) • Representative Andrew Ireland

Failed

Plain English: This amendment would change how certain businesses are taxed in Indiana.

  • Modifies the tax code to adjust how specific types of businesses calculate their taxes.
  • The official text is too technical and incomplete to provide more detailed changes.
  • It's unclear which specific businesses or tax calculations are affected without additional context.
SB0281.04.COMH.AMH007

Filed Senate Bill (H) • Representative Danny Lopez

Failed

Plain English: This amendment would modify the Indiana Code regarding taxation, but the specific details of the change are not provided in the given information.

  • The exact changes to the Indiana Code concerning taxation are not specified in the official text.
  • The amendment's text does not provide enough detail to explain the concrete changes it would make.
  • It is unclear what specific part of the Indiana Code this amendment aims to change.
SB0281.04.COMH.AMH008

Filed Senate Bill (H) • Representative Danny Lopez

Failed

Plain English: This amendment would modify the Indiana Code regarding taxation, but the specific details of the changes are not provided in the given information.

  • The official text does not provide enough detail to explain the concrete changes this amendment would make.
SB0281.02.COMS.AMS001

Filed Senate Bill (S) • Senator Andrea Hunley

Failed

Plain English: This amendment would change how Indiana taxes certain businesses by altering the tax rate or base for specific companies.

  • The amendment modifies the way certain businesses are taxed under Indiana law.
  • The official text does not provide enough details to explain exactly which businesses are affected or what changes will be made to their taxes.
  • It is unclear from the provided information whether this amendment would increase or decrease tax rates for any specific companies.
SB0281.02.COMS.AMS002

Filed Senate Bill (S) • Senator Ryan Mishler

Passed

Plain English: This amendment changes how Indiana taxes certain businesses by altering the tax rate or base for specific companies.

  • Modifies the way certain businesses are taxed under Indiana law.
  • The official text does not provide enough details to explain exactly which businesses are affected or what changes will be made to their taxes.

Bill History

  1. 2026-02-12 House

    Committee report: amend do pass, adopted

  2. 2026-02-05 House

    Representative Lopez added as sponsor

  3. 2026-02-05 House

    Representative Snow removed as sponsor

  4. 2026-02-05 House

    Representative Snow added as cosponsor

  5. 2026-02-02 House

    First reading: referred to Committee on Ways and Means

  6. 2026-01-29 Senate

    Third reading: passed; Roll Call 142: yeas 42, nays 6

  7. 2026-01-29 Senate

    House sponsor: Representative Snow

  8. 2026-01-29 Senate

    Referred to the House

  9. 2026-01-27 Senate

    Second reading: amended, ordered engrossed

  10. 2026-01-27 Senate

    Amendment #2 (Mishler) prevailed; voice vote

  11. 2026-01-26 Senate

    Senator Mishler added as second author

  12. 2026-01-26 Senate

    Senator Niezgodski added as third author

  13. 2026-01-20 Senate

    Committee report: amend do pass, adopted

  14. 2026-01-12 Senate

    Authored by Senator Goode

  15. 2026-01-12 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.
Income tax credits.

Current Bill Text

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

Income tax credits.

Requires the Indiana economic development corporation (IEDC) to commit $35,000,000 in redevelopment tax credits each state fiscal year among development authorities, qualified nonprofit organizations, and certain local economic development organizations that may be granted to taxpayers for qualified investments. Provides that the IEDC and an operating partner shall administer the federal Unmanned Aircraft System Test Site program in Indiana. Requires that $15,000,000 of the $300,000,000 of the IEDC's annual certifiable tax credit amount must be allocated to the small town opportunity initiative (initiative). Establishes the initiative. Provides that initiative projects are not subject to any statutory or administrative repayment obligation. Amends the venture capital investment tax credit (tax credit) to specify: (1) that certain investment policies of funds that qualify as a "qualified Indiana investment fund" apply only to investable capital, excluding management fees, legal fees, and other expenses incurred in the operation of the fund; (2) that a taxpayer is not prevented from combining individual tax credits of less than $10,000 for assignment; and (3) qualified business eligibility. 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 qualified military base enhancement area; the park shall become a Level 3 park and may receive an additional annual incremental income tax deposit of up to $250,000 until July 1, 2029.