SB0292: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Page last updated: Sunday, April 20, 2025 at 7:22 PM (America/Indianapolis).

General Information

• Stage: Senate Bill (H)
• Current Chamber: house
• Origin Chamber: senate
• Description: Short line railroad tax credit.

Legislators

Actions (17 total)

• Mar 13, 2025, 8:05 AM: Representative Zimmerman added as cosponsor
• Mar 3, 2025, 11:30 AM: First reading: referred to Committee on Ways and Means
• Feb 11, 2025, 10:42 AM: Referred to the House
• Feb 10, 2025, 10:43 AM: Senator Leising added as coauthor
• Feb 10, 2025, 9:54 AM: Cosponsors: Representatives Miller D and King
• Feb 10, 2025, 9:54 AM: House sponsor: Representative Heine
• Feb 10, 2025, 9:47 AM: Third reading: passed; Roll Call 88: yeas 46, nays 3
• Feb 6, 2025, 1:30 PM: Senator Randolph added as coauthor
• Feb 6, 2025, 1:30 PM: Senators Maxwell and Alting added as coauthors
• Feb 6, 2025, 9:44 AM: Second reading: ordered engrossed
• Feb 4, 2025, 9:13 AM: Committee report: amend do pass, adopted
• Jan 23, 2025, 10:34 AM: Senator Rogers added as coauthor
• Jan 23, 2025, 10:34 AM: Senators Byrne and Tomes added as coauthors
• Jan 21, 2025, 10:05 AM: Senator Charbonneau added as coauthor
• Jan 21, 2025, 8:46 AM: Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy
• Jan 13, 2025, 11:33 AM: First reading: referred to Committee on Homeland Security and Transportation
• Jan 13, 2025, 11:33 AM: Authored by Senators Doriot, Holdman, Crider

Digest

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 total amount of credits that may be allowed in a state fiscal year to: (1) $10,000 for qualified railroad expenditures; and (2) $10,000 for qualified new rail infrastructure expenditures.