# Indiana HB 1612: Rural business growth.

Indiana HB 1612, Rural business growth., is a First Regular Session 124th General Assembly (2025) House bill sponsored by Shane Lindauer (Republican); status failed, last action 2025-01-27 (Representative Commons added as coauthor) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-HB1612-2025
- 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 1612
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Rural business growth.
- Status: failed
- Chamber: House
- Introduced: 2025-01-21
- Last action: 2025-01-27, Representative Commons added as coauthor
- Sponsor: Shane Lindauer (Republican)
- Cosponsors: 2
- Subjects: ways and means
- Touches household money: no
- Economic provisions PRIA read: 0

## 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 overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Shane Lindauer (Republican), House
- Cosponsor: Jack Jordan (Republican), House
- Cosponsor: Matt Commons (Republican), House

## Actions (4)

- 2025-01-27: Representative Commons added as coauthor (House)
- 2025-01-27: Representative Jordan added as coauthor (House)
- 2025-01-21: First reading: referred to Committee on Ways and Means (House)
- 2025-01-21: Authored by Representative Lindauer (House)

## Bill text

- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2025/bills/HB1612/versions/HB1612.01.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/HB1612/versions/HB1612.01.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-HB1612-2025 (as of 2026-10-17).