# Indiana SB 281: Income tax credits.

Indiana SB 281, Income tax credits., is a Second Regular Session 124th General Assembly (2026) Senate bill sponsored by Greg Goode (Republican); status failed, last action 2026-02-12 (Committee report: amend do pass, adopted); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-SB281-2026
- 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 281
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Income tax credits.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-12
- Last action: 2026-02-12, Committee report: amend do pass, adopted
- Sponsor: Greg Goode (Republican)
- Cosponsors: 4
- Subjects: tax and fiscal policy, the house, ways and means
- Touches household money: yes
- Roll calls: 1 (42 yes, 6 no in all)
- Economic provisions PRIA read: 0

## Summary

Requires the Indiana economic development corporation (IEDC) to commit $35,000,000 in redevelopment tax credits each state fiscal year among development authorities, qualified nonprofit organizations, and certain local economic development organizations that may be granted to taxpayers for qualified investments. Provides that the IEDC and an operating partner shall administer the federal Unmanned Aircraft System Test Site program in Indiana. Requires that $15,000,000 of the $300,000,000 of the IEDC's annual certifiable tax credit amount must be allocated to the small town opportunity initiative (initiative). Establishes the initiative. Provides that initiative projects are not subject to any statutory or administrative repayment obligation. Amends the venture capital investment tax credit (tax credit) to specify: (1) that certain investment policies of funds that qualify as a "qualified Indiana investment fund" apply only to investable capital, excluding management fees, legal fees, and other expenses incurred in the operation of the fund; (2) that a taxpayer is not prevented from combining individual tax credits of less than $10,000 for assignment; and (3) qualified business eligibility. Provides that if a Level 2 certified technology park (park): (1) has reached the limit of deposits for a Level 2 park; (2) maintains its certification; and (3) is located within a qualified military base enhancement area; the park shall become a Level 3 park and may receive an additional annual incremental income tax deposit of up to $250,000 until July 1, 2029.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Greg Goode (Republican), Senate
- Cosponsor: Craig Snow (Republican), House
- Cosponsor: Danny Lopez (Republican), House
- Cosponsor: David Niezgodski (Democratic), Senate
- Cosponsor: Ryan Mishler (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-01-29 | Senate | Third reading: passed | pass | 42 | 6 |   |

## Actions (15)

- 2026-02-12: Committee report: amend do pass, adopted (House)
- 2026-02-05: Representative Lopez added as sponsor (House)
- 2026-02-05: Representative Snow removed as sponsor (House)
- 2026-02-05: Representative Snow added as cosponsor (House)
- 2026-02-02: First reading: referred to Committee on Ways and Means (House)
- 2026-01-29: Third reading: passed; Roll Call 142: yeas 42, nays 6 (Senate)
- 2026-01-29: House sponsor: Representative Snow (Senate)
- 2026-01-29: Referred to the House (Senate)
- 2026-01-27: Amendment #2 (Mishler) prevailed; voice vote (Senate)
- 2026-01-27: Second reading: amended, ordered engrossed (Senate)
- 2026-01-26: Senator Mishler added as second author (Senate)
- 2026-01-26: Senator Niezgodski added as third author (Senate)
- 2026-01-20: Committee report: amend do pass, adopted (Senate)
- 2026-01-12: First reading: referred to Committee on Tax and Fiscal Policy (Senate)
- 2026-01-12: Authored by Senator Goode (Senate)

## Bill text

- Engrossed Senate Bill (H): [PDF](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.03.ENGS?format=pdf)
- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.01.INTR?format=pdf)
- Senate Bill (H): [PDF](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.04.COMH?format=pdf)
- Senate Bill (S): [PDF](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.02.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
- [Engrossed Senate Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.03.ENGS?format=pdf)
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.01.INTR?format=pdf)
- [Senate Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.04.COMH?format=pdf)
- [Senate Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/SB0281/versions/SB0281.02.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)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-SB281-2026 (as of 2026-11-01).