Indiana 2023 Regular Session Status: Enacted Bipartisan · 7 R · 5 D cosponsors

SB 2 — Taxation of pass through entities.

Last action — Public Law 1

  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.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 12 sponsors

    3 primary, 9 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (7 R · 5 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Authorizes certain pass through entities to make an election to pay tax at the entity level based on each owner's aggregate share of adjusted gross income. Provides a refundable tax credit equal to the amount of tax paid by the electing entity with regard to the owner's share. Allows a credit for pass through entity taxes that are imposed by and paid to another state. Makes certain changes to provisions that apply to taxpayers who file a combined return for the financial institutions tax. Makes conforming changes for purposes of partnership audit and administrative adjustments.

Bill Text

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

Read SB 2 on the official Indiana source →

Action History

  1. Public Law 1

  2. Signed by the Governor

  3. Representatives DeLaney and Porter added as cosponsors

  4. Returned to the Senate without amendments

  5. Third reading: passed; Roll Call 151: yeas 98, nays 0

  6. Signed by the President of the Senate

  7. Signed by the President Pro Tempore

  8. Signed by the Speaker

  9. Second reading: ordered engrossed

  10. Amendment #1 (Porter) failed; Roll Call 144: yeas 28, nays 64

  11. Committee report: do pass, adopted

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

  13. Referred to the House

  14. Cosponsor: Representative Thompson

  15. House sponsor: Representative Snow

  16. Third reading: passed; Roll Call 61: yeas 48, nays 0

  17. Senator Buchanan added as coauthor

  18. Second reading: ordered engrossed

  19. Senator Randolph added as coauthor

  20. Senator Qaddoura added as coauthor

  21. Committee report: amend do pass, adopted

  22. Senator Holdman removed as third author

  23. Senators Ford Jon, Rogers, Walker K added as coauthors

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

  25. Authored by Senators Baldwin, Garten, Holdman

Sponsors

Sponsorship breakdown

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3 sponsors · 9 co-sponsors · 138 not signed on

Sponsors (3)

Co-sponsors (9)

Not signed on (138)

138 members have not signed on to this bill.

Show all 138 →

"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 2 do?
Authorizes certain pass through entities to make an election to pay tax at the entity level based on each owner's aggregate share of adjusted gross income. Provides a refundable tax credit equal to the amount of tax paid by the electing entity with regard to the owner's share. Allows a credit for pass through entity taxes that are imposed by and paid to another state. Makes certain changes to provisions that apply to taxpayers who file a combined return for the financial institutions tax. Makes conforming changes for purposes of partnership audit and administrative adjustments.
Who sponsors SB 2?
SB 2 is sponsored by Gregory Porter (Democrat), Edward DeLaney (Democrat), Jeffrey Thompson (Republican), Craig Snow (Republican), Brian Buchanan (Republican), Lonnie Randolph (Democrat), Fady Qaddoura (Democrat), Kyle Walker (Republican), Linda Rogers (Republican), Chris Garten (Republican), Scott Baldwin (Republican), and J.D. Ford (Democrat).
What is the current status of SB 2?
This bill has been enacted into law. Introduced January 09, 2023. Enacted.
Where can I track SB 2?
Track SB 2 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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