Bill > HB1219

This bill introduces two key provisions related to taxation of grain processing equipment in Indiana. First, the bill establishes a 100% assessed value deduction for eligible grain processing equipment, which includes items like grain bins, dryers, augers, spreaders, climate control systems, and other specialized equipment used for storing and handling agricultural grain crops. For most owners, this deduction will apply indefinitely for assessment dates beginning in 2026. However, for grain buyers or warehouses licensed by the Indiana grain buyers and warehouse licensing agency, the deduction is limited to 10 consecutive years and only applies to facilities that directly accept grain crops from farmers. Additionally, the bill creates a sales tax exemption for equipment used in storing, drying, moving, removing, and handling agriculturally cultivated grain crops when used for commercial purposes. These provisions aim to provide tax relief and financial incentives for businesses involved in grain processing, potentially supporting agricultural infrastructure and economic development in Indiana.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/house/1219/details