Bill > SB0283

This bill modifies the regional development tax credit program in Indiana by increasing the aggregate tax credit cap that the Indiana Economic Development Corporation (IEDC) can certify each state fiscal year from $250 million to $300 million, with $50 million specifically designated for development authorities under a new provision. It also clarifies definitions for "development authority" and "development plan," and introduces the concept of a "rural development site" for counties with populations under 50,000. A key change allows a county or city already participating in a regional development authority to switch its membership to a new or different one. The bill also outlines how development authorities can apply for credits for qualified redevelopment sites within their approved development plans, with at least 20% of these awards allocated to rural development sites. Finally, it adjusts provisions related to credit agreements, repayment requirements, and eligibility for certain types of projects.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/senate/283/details