# Indiana SB 264: Economic development tax credits.

Indiana SB 264, Economic development tax credits., is a Second Regular Session 124th General Assembly (2026) Senate bill sponsored by Brian Buchanan (Republican); status failed, last action 2026-01-28 (First reading: referred to Committee on Ways and Means); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-SB264-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana SB 264
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Economic development tax credits.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-08
- Last action: 2026-01-28, First reading: referred to Committee on Ways and Means
- Sponsor: Brian Buchanan (Republican)
- Cosponsors: 2
- Subjects: tax and fiscal policy, the house, ways and means
- Touches household money: yes
- Roll calls: 1 (41 yes, 3 no in all)
- Economic provisions PRIA read: 0

## Summary

Amends the economic development for a growing economy (EDGE) tax credit to: (1) authorize the Indiana economic development corporation (IEDC) to increase the value of an EDGE credit to a company for new job creation based on the amount of expenses of the company to relocate an individual to Indiana to fill the position; and (2) explicitly permit the IEDC to provide EDGE credits to a company that is retaining an employee through a minimum of a 25% increase in hourly wages paid to the individual. Clarifies provisions that apply to IEDC certification of a fund as a qualified Indiana investment fund.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Brian Buchanan (Republican), Senate
- Cosponsor: Danny Lopez (Republican), House
- Cosponsor: Linda Rogers (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-01-26 | Senate | Third reading: passed | pass | 41 | 3 |   |

## Actions (8)

- 2026-01-28: First reading: referred to Committee on Ways and Means (House)
- 2026-01-27: Referred to the House (Senate)
- 2026-01-26: Third reading: passed; Roll Call 84: yeas 41, nays 3 (Senate)
- 2026-01-26: House sponsor: Representative Lopez (Senate)
- 2026-01-22: Second reading: ordered engrossed (Senate)
- 2026-01-20: Committee report: amend do pass, adopted (Senate)
- 2026-01-08: Authored by Senators Buchanan, Rogers (Senate)
- 2026-01-08: First reading: referred to Committee on Tax and Fiscal Policy (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0264/versions/SB0264.01.INTR?format=pdf)
- Senate Bill (H): [PDF](https://api.iga.in.gov/2026/bills/SB0264/versions/SB0264.02.COMS?format=pdf)

## Related bills

- SB 239: Various education matters. (signed)
- SB 204: Various education matters. (signed)
- SB 179: Indiana department of transportation. (signed)
- SB 185: Alcohol and tobacco matters. (signed)
- SB 80: Code publication. (signed)
- HB 1424: Farm and homestead food sales. (signed)

## Sources
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/SB0264/versions/SB0264.01.INTR?format=pdf)
- [Senate Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/SB0264/versions/SB0264.02.COMS?format=pdf)

## Related
- [SB 239: Various education matters.](https://policyrisk.com/state-bill/IN-SB239-2026)
- [SB 204: Various education matters.](https://policyrisk.com/state-bill/IN-SB204-2026)
- [SB 179: Indiana department of transportation.](https://policyrisk.com/state-bill/IN-SB179-2026)
- [SB 185: Alcohol and tobacco matters.](https://policyrisk.com/state-bill/IN-SB185-2026)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2026)
- [HB 1424: Farm and homestead food sales.](https://policyrisk.com/state-bill/IN-HB1424-2026)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
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Source: PRIA, https://policyrisk.com/state-bill/IN-SB264-2026 (as of 2026-11-01).