Bill > SB0297

This bill establishes new rules for the assignment of film and media production tax credits in Indiana, effective January 1, 2026. Specifically, the bill allows taxpayers to transfer all or part of their tax credits to another party, but with several important restrictions: assignments must be for at least $10,000, the taxpayer must first notify the corporation about the assignment, both the taxpayer and assignee must report the assignment on their state tax returns, the assignee cannot further transfer the credit to another party, and the taxpayer cannot receive more value from the assignment than the credit's actual worth. The bill aims to provide more flexibility for businesses by allowing them to transfer tax credits they may not be able to fully utilize themselves, while also implementing safeguards to prevent potential abuse of the tax credit system. These provisions are added to the Indiana Code under a new section governing film and media production tax credits, creating a structured process for credit assignments.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/senate/297/details