HB 1406 — Tax and fiscal matters.

Summary

Provides, in a county that uses a property tax statement as the notice of assessment, that the county treasurer must send a property tax statement to all property owners regardless of whether the property has any liability. Requires the county treasurer to indicate on the property tax statement whether a taxpayer's property tax liability for property taxes first due and payable in 2027 is less than the taxpayer's property tax liability for property taxes first due and payable in 2026. Requires the Indiana economic development corporation (IEDC) to report to the budget committee concerning any purchase or sale of land. Amends provisions regarding budget committee review of tax credits in determining the annual aggregate tax credit cap and specifies allocation of the credits. Provides that real property owned by certain Indiana nonprofit hospital systems is not exempt from property taxation under certain circumstances and unmet conditions. Provides that certain transfer fee covenants are limited only to transfers that involve the sale of property and do not include transactions where the property is gifted, donated, or transferred. Provides that personal property owned by certain entities remains subject to minimum valuation limitations. Amends provisions and revises the effective date for the rounding provisions for cash transactions with regard to the penny phaseout for payments to business entities in ESB 243-2026. Amends the percentage increase in a public library's proposed budget that determines whether the public library's proposed budget is subject to binding review by the applicable county, city, or town fiscal body. Allows the Delaware County executive to adopt an ordinance to consolidate the functions of a board, bureau, commission, authority, or any other similar entity authorized to administer funds received from the Delaware County: (1) innkeeper's tax; or (2) food and beverage tax; into a single, consolidated entity as designated in the consolidating ordinance. Adds certain organizations to the list of organizations for which conducted sales are exempt from state gross retail and use tax. Allows the city of Bedford to impose a food and beverage tax. Requires the IEDC to award $35,000,000 to development authorities each fiscal year that may be granted to taxpayers proposing a qualified investment in a qualified redevelopment site pursuant to a development plan. Establishes the small town opportunity initiative. Amends the venture capital investment tax credit (tax credit) to specify: (1) that certain investment policies of funds that qualify as a "qualified Indiana investment fund" apply only to investable capital, excluding management fees, legal fees, and other expenses incurred in the operation of the fund; (2) that a taxpayer is not prevented from combining individual tax credits of less than $10,000 for assignment; and (3) qualified business eligibility. Prohibits the IEDC from awarding an applicable tax credit to a taxpayer that is organized under the laws of a country that is a foreign adversary or that is otherwise related under certain circumstances to a country that is a foreign adversary. Requires the office of the secretary of family and social services and division of family resources to require a vendor to offer certain technology solutions to prevent theft of SNAP benefits when issuing a request for proposals. Provides that if a Level 2 certified technology park (park): (1) has reached the limit of deposits for a Level 2 park; (2) maintains its certification; and (3) is located within a qualified military base enhancement area; the park shall become a Level 3 park and may receive an additional annual incremental income tax deposit of up to $250,000 until July 1, 2029. Allows the budget agency to augment the appropriation to the grain buyers and warehouse licensing agency from the grain buyers and warehouse licensing agency license fee fund.

Bill Text

• Enrolled Enrolled House Bill (H) Current pdf
• House Bill (H) View text pdf
• House Bill (S) View text pdf
• Introduced Introduced House Bill (H) pdf

Action History

1. March 12, 2026

   Public Law 162

2. February 27, 2026

   CCR # 1 filed in the House

3. February 27, 2026

   Representative Snow added as conferee

4. February 27, 2026

   Representative Porter removed as conferee

5. March 03, 2026

   Signed by the Speaker

6. March 02, 2026

   Signed by the President of the Senate

7. February 27, 2026

   Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 426: yeas 65, nays 31

8. February 27, 2026

   Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 332: yeas 46, nays 1

9. February 27, 2026

   CCR # 1 filed in the Senate

10. February 27, 2026

    CCR # 1 filed in the House

11. March 05, 2026

    Signed by the President Pro Tempore

12. March 12, 2026

    Signed by the Governor

13. February 25, 2026

    Senate advisors appointed: Baldwin, Niezgodski

14. February 25, 2026

    Motion to dissent filed

15. February 25, 2026

    Returned to the House with amendments

16. February 25, 2026

    House dissented from Senate amendments

17. February 25, 2026

    Senate conferees appointed: Holdman, Hunley

18. February 25, 2026

    House conferees appointed: Thompson, Porter

19. February 25, 2026

    House advisors appointed: Jordan, Prescott, Pryor

20. February 24, 2026

    Third reading: passed; Roll Call 261: yeas 48, nays 0

21. February 23, 2026

    Second reading: ordered engrossed

22. February 17, 2026

    Senator Baldwin added as second sponsor

23. February 17, 2026

    Committee report: amend do pass, adopted

24. February 05, 2026

    First reading: referred to Committee on Tax and Fiscal Policy

25. February 03, 2026

    Referred to the Senate

26. February 02, 2026

    Third reading: passed; Roll Call 186: yeas 92, nays 0

27. February 02, 2026

    Senate sponsor: Senator Holdman

28. January 29, 2026

    Second reading: ordered engrossed

29. January 27, 2026

    Committee report: amend do pass, adopted

30. January 08, 2026

    First reading: referred to Committee on Ways and Means

31. January 08, 2026

    Authored by Representative Thompson

Sponsors

• Jeffrey Thompson · Primary

Votes

Subjects