Bill > SB0357

This bill increases the Section 179 depreciation threshold for Indiana tax purposes from $25,000 to $100,000, effectively allowing businesses and individuals to deduct more of their capital equipment expenses in the year the equipment is purchased. Specifically, the bill modifies Indiana's tax code to align with a higher federal tax deduction limit for Section 179 property (which typically includes equipment, vehicles, and other business assets). The changes will apply retroactively to taxable years beginning after December 31, 2024, meaning businesses and individuals can take advantage of the increased depreciation threshold starting with the 2025 tax year. The bill also includes a standard emergency clause, which allows the legislation to take effect immediately upon passage, and includes an expiration date of July 1, 2028, which is common for temporary tax provisions. By raising the Section 179 deduction limit, the bill aims to provide tax relief and potentially encourage business investment by allowing faster write-offs of capital expenditures.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/senate/357/details