Indiana 2023 Regular Session Status: Enacted Bipartisan · 4 R · 3 D cosponsors

SB 46 — County option circuit breaker tax credit.

Last action — Public Law 95

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 09, 2023. Enacted.

Prognosis

Likely to advance 78% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 8 sponsors

    4 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 R · 3 D) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 46 on the official Indiana source →

Action History

  1. Public Law 95

  2. Signed by the Governor

  3. Signed by the President of the Senate

  4. Signed by the Speaker

  5. Signed by the President Pro Tempore

  6. Senate concurred in House amendments; Roll Call 347: yeas 48, nays 0

  7. Motion to concur filed

  8. Returned to the Senate with amendments

  9. Third reading: passed; Roll Call 348: yeas 96, nays 1

  10. Second reading: ordered engrossed

  11. Committee report: amend do pass, adopted

  12. First reading: referred to Committee on Ways and Means

  13. Representative Pryor added as cosponsor

  14. Representative Behning added as cosponsor

  15. Referred to the House

  16. Cosponsor: Representative GiaQuinta

  17. House sponsor: Representative McGuire

  18. Third reading: passed; Roll Call 64: yeas 49, nays 0

  19. Second reading: ordered engrossed

  20. Senator Randolph added as coauthor

  21. Committee report: amend do pass, adopted

  22. Senator Buchanan added as third author

  23. Senator Holdman added as second author

  24. First reading: referred to Committee on Tax and Fiscal Policy

  25. Authored by Senator Sandlin

Sponsors

Sponsorship breakdown

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4 sponsors · 4 co-sponsors · 142 not signed on

Sponsors (4)

Co-sponsors (4)

Not signed on (142)

142 members have not signed on to this bill.

Show all 142 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 46 do?
Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028.
Who sponsors SB 46?
SB 46 is sponsored by Cherrish Pryor (Democrat), Robert Behning (Republican), Philip GiaQuinta (Democrat), Julie McGuire (Republican), Lonnie Randolph (Democrat), Brian Buchanan (Republican), Travis Holdman (Republican), and Jack Sandlin.
What is the current status of SB 46?
This bill has been enacted into law. Introduced January 09, 2023. Enacted.
Where can I track SB 46?
Track SB 46 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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