Indiana Senate Bill 2 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 8-4)
Status: Passed on February 22 2023 - 100% progression
Action: 2023-02-22 - Public Law 1
Text: Latest bill text (Enrolled) [PDF]

Taxation of pass through entities. 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.

Taxation of pass through entities.

Sen. Scott Baldwin [R]	Sen. Chris Garten [R]	Sen. Jon Ford [R]	Sen. Linda Rogers [R]
Sen. Kyle Walker [R]	Sen. Fady Qaddoura [D]	Sen. Lonnie Randolph [D]	Sen. Brian Buchanan [R]
Rep. Craig Snow [R]	Rep. Jeffrey Thompson [R]	Rep. Edward DeLaney [D]	Rep. Gregory Porter [D]

2023-02-20 - House - House - Third reading (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2023-02-16 - House - House - Amendment #1 (Porter) failed (Y: 28 N: 64 NV: 1 Abs: 7) [FAIL]
2023-02-06 - Senate - Senate - Third reading (Y: 48 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2023-02-22	Senate	Public Law 1
2023-02-22	Senate	Signed by the Governor
2023-02-20	House	Representatives DeLaney and Porter added as cosponsors
2023-02-20	House	Returned to the Senate without amendments
2023-02-20	House	Third reading: passed; Roll Call 151: yeas 98, nays 0
2023-02-20	Senate	Signed by the President of the Senate
2023-02-20	House	Signed by the Speaker
2023-02-20	Senate	Signed by the President Pro Tempore
2023-02-16	House	Second reading: ordered engrossed
2023-02-16	House	Amendment #1 (Porter) failed; Roll Call 144: yeas 28, nays 64
2023-02-14	House	Committee report: do pass, adopted
2023-02-07	House	First reading: referred to Committee on Ways and Means
2023-02-07	Senate	Referred to the House
2023-02-06	Senate	Representative Thompson added as cosponsor
2023-02-06	Senate	House sponsor: Representative Snow
2023-02-06	Senate	Third reading: passed; Roll Call 61: yeas 48, nays 0
2023-02-02	Senate	Senator Buchanan added as coauthor
2023-02-02	Senate	Second reading: ordered engrossed
2023-01-31	Senate	Senator Randolph added as coauthor
2023-01-31	Senate	Senator Qaddoura added as coauthor
2023-01-31	Senate	Committee report: amend do pass, adopted
2023-01-30	Senate	Senator Holdman removed as third author
2023-01-23	Senate	Senators Ford Jon, Rogers, Walker K added as coauthors
2023-01-09	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2023-01-09	Senate	Authored by Senators Baldwin, Garten, Holdman

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/2/details
Text	https://iga.in.gov/legislative/2023/bills/senate/2/#1.INTR
Text	https://iga.in.gov/legislative/2023/bills/senate/2/#2.COMS
Text	https://iga.in.gov/legislative/2023/bills/senate/2/#3.COMH
Text	https://iga.in.gov/legislative/2023/bills/senate/2/#4.ENRH
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/2/#S61
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/2/#H144
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/2/#H151