Indiana Senate Bill 46 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: Passed on May 1 2023 - 100% progression
Action: 2023-05-01 - Public Law 95
Text: Latest bill text (Enrolled) [PDF]

County option circuit breaker tax credit. 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.

County option circuit breaker tax credit.

Sen. Jack Sandlin [R]	Sen. Travis Holdman [R]	Sen. Brian Buchanan [R]	Sen. Lonnie Randolph [D]
Rep. Julie McGuire [R]	Rep. Philip GiaQuinta [D]	Rep. Robert Behning [R]	Rep. Cherrish Pryor [D]

2023-04-10 - Senate - Senate - Senate concurred in House amendments (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]
2023-04-04 - House - House - Third reading (Y: 96 N: 1 NV: 1 Abs: 2) [PASS]
2023-02-06 - Senate - Senate - Third reading (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2023-05-01	Senate	Public Law 95
2023-05-01	Senate	Signed by the Governor
2023-04-26	Senate	Signed by the President of the Senate
2023-04-21	House	Signed by the Speaker
2023-04-13	Senate	Signed by the President Pro Tempore
2023-04-10	Senate	Senate concurred in House amendments; Roll Call 347: yeas 48, nays 0
2023-04-05	Senate	Motion to concur filed
2023-04-05	House	Returned to the Senate with amendments
2023-04-04	House	Third reading: passed; Roll Call 348: yeas 96, nays 1
2023-04-03	House	Second reading: ordered engrossed
2023-03-30	House	Committee report: amend do pass, adopted
2023-02-28	House	First reading: referred to Committee on Ways and Means
2023-02-23	House	Representative Pryor added as cosponsor
2023-02-23	House	Representative Behning added as cosponsor
2023-02-07	Senate	Referred to the House
2023-02-06	Senate	Cosponsor: Representative GiaQuinta
2023-02-06	Senate	House sponsor: Representative McGuire
2023-02-06	Senate	Third reading: passed; Roll Call 64: yeas 49, nays 0
2023-02-02	Senate	Second reading: ordered engrossed
2023-01-31	Senate	Senator Randolph added as coauthor
2023-01-31	Senate	Committee report: amend do pass, adopted
2023-01-17	Senate	Senator Buchanan added as third author
2023-01-17	Senate	Senator Holdman added as second author
2023-01-09	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2023-01-09	Senate	Authored by Senator Sandlin

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/46/details
Text	https://iga.in.gov/legislative/2023/bills/senate/46/#1.INTR
Text	https://iga.in.gov/legislative/2023/bills/senate/46/#2.COMS
Text	https://iga.in.gov/legislative/2023/bills/senate/46/#3.COMH
Text	https://iga.in.gov/legislative/2023/bills/senate/46/#4.ENRH
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/46/#S64
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/46/#H348
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/46/#S347