Indiana 2025 Regular Session Status: Passed Senate 8 R cosponsors

SB 346 — Rural business growth.

Last action — Representative Commons added as cosponsor

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

This bill died with 2025 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Establishes a state tax credit (credit) for certain capital investments made in rural funds. Establishes procedures for a rural fund to apply to the Indiana economic development corporation (IEDC) for certification of a capital investment as eligible for a credit provided by the bill. Requires a rural fund to pay a nonrefundable application fee of $5,000 to the IEDC. Provides that the credit is an amount equal to: (1) the applicable percentage for the credit allowance date; multiplied by (2) the purchase price paid to the rural fund for the capital investment. Sets forth the maximum annual amount of credits that may be certified. Provides that the credit is subject to recapture. Requires a rural fund that has received a credit to submit reports on an annual basis to the IEDC over the credit allowance period.

Bill Text

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

Read SB 346 on the official Indiana source →

Action History

  1. Representative Commons added as cosponsor

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

  3. Referred to the House

  4. Cosponsors: Representatives Jordan and Thompson

  5. House sponsor: Representative Lindauer

  6. Third reading: passed; Roll Call 155: yeas 47, nays 2

  7. Second reading: amended, ordered engrossed

  8. Senator Schmitt added as coauthor

  9. Amendment #1 (Buchanan) prevailed; voice vote

  10. Committee report: do pass, adopted

  11. Senator Rogers added as third author

  12. Senator Gaskill added as second author

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

  14. Authored by Senator Buchanan

Sponsors

Sponsorship breakdown

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4 sponsors · 4 co-sponsors · 142 not signed on · 2 voted No

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

Votes

SB 346 - Buchanan - 3rd Reading

Passed 47 Yea · 2 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 39000
Democrat 7201
Unaffiliated 1000
Total 47201
% of votes cast 94%4%0%2%
How each member voted (50)
Member Party Vote
Zay — Yea
Andrea Hunley Democrat Nay
David Niezgodski Democrat Yea
Fady Qaddoura Democrat Yea
Greg Taylor Democrat Yea
J.D. Ford Democrat Not Voting
La Keisha Jackson Democrat Yea
Lonnie Randolph Democrat Yea
Mark Spencer Democrat Yea
Rodney Pol Democrat Nay
Shelli Yoder Democrat Yea
Aaron Freeman Republican Yea
Blake Doriot Republican Yea
Brett Clark Republican Yea
Brian Buchanan Republican Yea
Chris Garten Republican Yea
Cyndi Carrasco Republican Yea
Dan Dernulc Republican Yea
Daryl Schmitt Republican Yea
Ed Charbonneau Republican Yea
Eric Bassler Republican Yea
Eric Koch Republican Yea
Gary Byrne Republican Yea
Greg Goode Republican Yea
Greg Walker Republican Yea
James Buck Republican Yea
James Tomes Republican Yea
Jean Leising Republican Yea
Jeff Raatz Republican Yea
Justin Busch Republican Yea
Kyle Walker Republican Yea
Linda Rogers Republican Yea
Liz Brown Republican Yea
Michael Crider Republican Yea
Michael Young Republican Yea
Mike Bohacek Republican Yea
Mike Gaskill Republican Yea
Randy Maxwell Republican Yea
Rick Niemeyer Republican Yea
Rodric Bray Republican Yea
Ron Alting Republican Yea
Ryan Mishler Republican Yea
Scott Alexander Republican Yea
Scott Baldwin Republican Yea
Spencer Deery Republican Yea
Stacey Donato Republican Yea
Susan Glick Republican Yea
Travis Holdman Republican Yea
Tyler Johnson Republican Yea
Vaneta Becker Republican Yea

Official roll call →

Subjects

taxation finance agriculture
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 346 do?
Establishes a state tax credit (credit) for certain capital investments made in rural funds. Establishes procedures for a rural fund to apply to the Indiana economic development corporation (IEDC) for certification of a capital investment as eligible for a credit provided by the bill. Requires a rural fund to pay a nonrefundable application fee of $5,000 to the IEDC. Provides that the credit is an amount equal to: (1) the applicable percentage for the credit allowance date; multiplied by (2) the purchase price paid to the rural fund for the capital investment. Sets forth the maximum annual amount of credits that may be certified. Provides that the credit is subject to recapture. Requires a rural fund that has received a credit to submit reports on an annual basis to the IEDC over the credit allowance period.
Who sponsors SB 346?
SB 346 is sponsored by Matt Commons (Republican), Jeffrey Thompson (Republican), Jack Jordan (Republican), Shane Lindauer (Republican), Daryl Schmitt (Republican), Linda Rogers (Republican), Mike Gaskill (Republican), and Brian Buchanan (Republican).
What is the current status of SB 346?
This bill died with 2025 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 346?
Track SB 346 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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