# Indiana SB 346: Rural business growth.

Indiana SB 346, Rural business growth., is a First Regular Session 124th General Assembly (2025) Senate bill sponsored by Brian Buchanan (Republican); status failed, last action 2025-03-13 (Representative Commons added as cosponsor); PRIA reads it as touching household money (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/IN-SB346-2025
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana SB 346
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Rural business growth.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-13
- Last action: 2025-03-13, Representative Commons added as cosponsor
- Sponsor: Brian Buchanan (Republican)
- Cosponsors: 7
- Subjects: tax and fiscal policy, the house, ways and means
- Touches household money: yes
- Roll calls: 1 (47 yes, 2 no in all)
- 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: Brian Buchanan (Republican), Senate
- Cosponsor: Daryl Schmitt (Republican), Senate
- Cosponsor: Jack Jordan (Republican), House
- Cosponsor: Jeffrey Thompson (Republican), House
- Cosponsor: Linda Rogers (Republican), Senate
- Cosponsor: Matt Commons (Republican), House
- Cosponsor: Mike Gaskill (Republican), Senate
- Cosponsor: Shane Lindauer (Republican), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-02-18 | Senate | Third reading: passed | pass | 47 | 2 |   |

## Actions (14)

- 2025-03-13: Representative Commons added as cosponsor (House)
- 2025-03-03: First reading: referred to Committee on Ways and Means (House)
- 2025-02-19: Referred to the House (Senate)
- 2025-02-18: Cosponsors: Representatives Jordan and Thompson (Senate)
- 2025-02-18: House sponsor: Representative Lindauer (Senate)
- 2025-02-18: Third reading: passed; Roll Call 155: yeas 47, nays 2 (Senate)
- 2025-02-17: Second reading: amended, ordered engrossed (Senate)
- 2025-02-17: Senator Schmitt added as coauthor (Senate)
- 2025-02-17: Amendment #1 (Buchanan) prevailed; voice vote (Senate)
- 2025-02-11: Committee report: do pass, adopted (Senate)
- 2025-02-11: Senator Rogers added as third author (Senate)
- 2025-02-11: Senator Gaskill added as second author (Senate)
- 2025-01-13: First reading: referred to Committee on Tax and Fiscal Policy (Senate)
- 2025-01-13: Authored by Senator Buchanan (Senate)

## Bill text

- Engrossed Senate Bill (H): [PDF](https://api.iga.in.gov/2025/bills/SB0346/versions/SB0346.03.ENGS?format=pdf)
- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0346/versions/SB0346.01.INTR?format=pdf)
- Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0346/versions/SB0346.02.COMS?format=pdf)

## Related bills

- SB 231: Various corrections matters. (signed)
- SB 324: Criminal procedures. (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
- [Engrossed Senate Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/SB0346/versions/SB0346.03.ENGS?format=pdf)
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/SB0346/versions/SB0346.01.INTR?format=pdf)
- [Senate Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/SB0346/versions/SB0346.02.COMS?format=pdf)

## Related
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [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)
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Source: PRIA, https://policyrisk.com/state-bill/IN-SB346-2025 (as of 2026-10-19).