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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SB287 • 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.

Housing Taxes
Passed Legislature

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

Sponsor
Senator Travis Holdman
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 extent of tax savings or if it applies to other types of nonprofits.

Property Tax Exemption for Nonprofit Senior Living Communities

This bill creates a property tax exemption for certain nonprofits providing housing and services to older adults, starting from the year 2027.

What This Bill Does

  • Provides a real and personal property tax exemption for Indiana nonprofit senior living communities beginning with property taxes that are first due and payable in 2027.

Who It Names or Affects

  • Nonprofit senior living communities in Indiana

Terms To Know

Senior Living Communities
Places that provide housing and services for older adults, such as assisted living facilities.
Property Tax Exemption
A rule that allows certain properties to not pay some or all of their property taxes.

Limits and Unknowns

  • The bill does not specify how much tax will be saved by these nonprofits.
  • It is unclear if this exemption applies to other types of nonprofit organizations besides senior living communities.

Bill History

  1. 2026-01-12 Senate

    Authored by Senator Holdman

  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.
Tax matters.

Current Bill Text

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

Tax matters.

Provides a real and personal property tax exemption for Indiana nonprofit senior living communities beginning with property taxes that are first due and payable in 2027.