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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SB283 • 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
Passed Legislature

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

Sponsor
Senator Ryan Mishler
Last action
2026-01-12
Official status
Introduced Senate Bill (S)
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on the exact nature of the changes or the amount of money available for these tax credits.

Indiana Regional Development Tax Credit Act

This bill changes rules about tax credits for economic development projects in Indiana.

What This Bill Does

  • Sets limits on the total amount of tax credits that can be given out each fiscal year by the Indiana Economic Development Corporation.
  • Allows counties and cities to change their membership in regional development authorities.

Who It Names or Affects

  • Counties and cities in Indiana
  • The Indiana Economic Development Corporation

Terms To Know

Regional Development Authority
A group of counties or cities that work together to promote economic growth.
Tax Credit Cap
The maximum amount of tax credits the state can give out in a year.

Limits and Unknowns

  • Does not specify how much money will be available for these tax credits.
  • It is unclear what specific changes will be made to current regional development authorities.

Bill History

  1. 2026-01-12 Senate

    Authored by Senators Mishler, Niezgodski

  2. 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.
Regional development tax credit.

Current Bill Text

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

Regional development tax credit.

Amends and adds provisions regarding the regional development tax credit. Specifies the award of certain credits under the aggregate tax credit cap that the Indiana economic development corporation may certify each state fiscal year. Authorizes a county or city that is currently participating in a regional development authority to change its membership and instead participate in a new or different regional development authority.