# Indiana HB 1603: Credit for automobile loan interest expenses.

Indiana HB 1603, Credit for automobile loan interest expenses., is a First Regular Session 124th General Assembly (2025) House bill sponsored by Blake Johnson (Democratic); status failed, last action 2025-01-21 (Authored by Representative Johnson B) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-HB1603-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana HB 1603
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Credit for automobile loan interest expenses.
- Status: failed
- Chamber: House
- Introduced: 2025-01-21
- Last action: 2025-01-21, Authored by Representative Johnson B
- Sponsor: Blake Johnson (Democratic)
- Cosponsors: 0
- Subjects: ways and means
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Provides a nonrefundable state income tax credit to an individual for interest paid on an outstanding loan or lease agreement for a personal motor vehicle during a taxable year.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Blake Johnson (Democratic), House

## Actions (2)

- 2025-01-21: Authored by Representative Johnson B (House)
- 2025-01-21: First reading: referred to Committee on Ways and Means (House)

## Bill text

- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2025/bills/HB1603/versions/HB1603.01.INTR?format=pdf)

## Related bills

- SB 324: Criminal procedures. (signed)
- SB 231: Various corrections matters. (signed)
- SB 80: Code publication. (signed)
- SB 453: Various tax matters. (signed)
- SB 464: Financial institutions and consumer credit. (signed)
- SB 371: Workforce matters. (signed)

## Sources
- [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/HB1603/versions/HB1603.01.INTR?format=pdf)

## Related
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025)
- [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025)
- [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025)
- [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-HB1603-2025 (as of 2026-10-17).