IN HB 1406

enacted

Tax and fiscal matters.

Indiana · 2026 Regular Session (2nd Regular Session, 124th General Assembly) · lower

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Quick answers

Did IN HB 1406 pass?

Yes. IN HB 1406 has been enacted into law. Latest recorded action (2026-03-12): Public Law 162

What is IN HB 1406 about?

Provides, in a county that uses a property tax statement as the notice of assessment, that the county treasurer must send a property tax statement to all property owners regardless of whether the property has any liability. Requires the county treasurer to indicate on the property tax statement whether a taxpayer's property tax liability for property taxes first due and payable in 2027 is less than the taxpayer's property tax liability for property taxes first due and payable in 2026. Requires the Indiana economic development corporation (IEDC) to report to the budget committee concerning any purchase or sale of land. Amends provisions regarding budget committee review of tax credits in determining the annual aggregate tax credit cap and specifies allocation of the credits. Provides that real property owned by certain Indiana nonprofit hospital systems is not exempt from property taxation under certain circumstances and unmet conditions. Provides that certain transfer fee covenants are limited only to transfers that involve the sale of property and do not include transactions where the property is gifted, donated, or transferred. Provides that personal property owned by certain entities remains subject to minimum valuation limitations. Amends provisions and revises the effective date for the rounding provisions for cash transactions with regard to the penny phaseout for payments to business entities in ESB 243-2026. Amends the percentage increase in a public library's proposed budget that determines whether the public library's proposed budget is subject to binding review by the applicable county, city, or town fiscal body. Allows the Delaware County executive to adopt an ordinance to consolidate the functions of a board, bureau, commission, authority, or any other similar entity authorized to administer funds received from the Delaware County: (1) innkeeper's tax; or (2) food and beverage tax; into a single, consolidated entity as designated in the consolidating ordinance. Adds certain organizations to the list of organizations for which conducted sales are exempt from state gross retail and use tax. Allows the city of Bedford to impose a food and beverage tax. Requires the IEDC to award $35,000,000 to development authorities each fiscal year that may be granted to taxpayers proposing a qualified investment in a qualified redevelopment site pursuant to a development plan. Establishes the small town opportunity initiative. 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. Prohibits the IEDC from awarding an applicable tax credit to a taxpayer that is organized under the laws of a country that is a foreign adversary or that is otherwise related under certain circumstances to a country that is a foreign adversary. Requires the office of the secretary of family and social services and division of family resources to require a vendor to offer certain technology solutions to prevent theft of SNAP benefits when issuing a request for proposals. 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. Allows the budget agency to augment the appropriation to the grain buyers and warehouse licensing agency from the grain buyers and warehouse licensing agency license fee fund.

Who sponsors IN HB 1406?

Scott Baldwin, Travis Holdman, Jeffrey Thompson are the primary sponsors of IN HB 1406.

Description

Introduced: —
Latest action: 2026-03-12 — Public Law 162
Bill type: bill
Last updated: —

Subjects

Committees

Not provided by source.

Action timeline

Newest first

2026-03-12
Public Law 162
became-law
2026-03-12
Signed by the Governor
executive-signature
2026-03-05
Signed by the President Pro Tempore
passage
2026-03-03
Signed by the Speaker
passage
2026-03-02
Signed by the President of the Senate
passage
2026-02-27
CCR # 1 filed in the House
filing
2026-02-27
Representative Snow added as conferee
2026-02-27
Representative Porter removed as conferee
2026-02-27
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 426: yeas 65, nays 31
2026-02-27
Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 332: yeas 46, nays 1
2026-02-27
CCR # 1 filed in the Senate
filing
2026-02-27
CCR # 1 filed in the House
filing
2026-02-25
Senate advisors appointed: Baldwin, Niezgodski
2026-02-25
Motion to dissent filed
filing
2026-02-25
Returned to the House with amendments
receipt
2026-02-25
House dissented from Senate amendments
2026-02-25
Senate conferees appointed: Holdman, Hunley
2026-02-25
House conferees appointed: Thompson, Porter
2026-02-25
House advisors appointed: Jordan, Prescott, Pryor
2026-02-24
Third reading: passed; Roll Call 261: yeas 48, nays 0
passage,reading-3,reading-3
2026-02-23
Second reading: ordered engrossed
reading-2
2026-02-17
Senator Baldwin added as second sponsor
2026-02-17
Committee report: amend do pass, adopted
committee-passage
2026-02-05
First reading: referred to Committee on Tax and Fiscal Policy
reading-1,referral-committee
2026-02-03
Referred to the Senate
referral
2026-02-02
Third reading: passed; Roll Call 186: yeas 92, nays 0
passage,reading-3,reading-3
2026-02-02
Senate sponsor: Senator Holdman
2026-01-29
Second reading: ordered engrossed
reading-2
2026-01-27
Committee report: amend do pass, adopted
committee-passage
2026-01-08
First reading: referred to Committee on Ways and Means
reading-1,referral-committee
2026-01-08
Authored by Representative Thompson

Versions

Introduced House Bill (H)Compare
House Bill (S)Compare
House Bill (H)Compare
Enrolled House Bill (H)Compare
(document, no version)Compare

Documents

Votes

HB 1406 - Thompson - 3rd Reading
2026-02-02 · pass · 92-0
Member-level votes (100)
- Abbott: yes
- Errington: yes
- Lehman: yes
- Pierce, M: yes
- Andrade: yes
- Garcia Wilburn: yes
- Lindauer: yes
- Porter: yes
- Aylesworth: yes
- GiaQuinta: yes
- Lopez: yes
- Prescott: yes
- Baird: yes
- Gore: yes
- Lucas: yes
- Pressel: yes
- Barrett: yes
- Goss-Reaves: yes
- Manning: yes
- Pryor: yes
- Bartels: yes
- Greene: yes
- May: yes
- Rowray: yes
- Bartlett: yes
- Haggard: yes
- Mayfield: yes
- Shackleford: yes
- Bascom: yes
- Hall: yes
- McGuire: yes
- Shonkwiler: yes
- Borders: yes
- Hamilton: yes
- McNamara: yes
- Slager: yes
- Burton: yes
- Harris: yes
- Meltzer: yes
- Smaltz: yes
- Campbell: yes
- Hatcher: yes
- Miller, D: yes
- Smith, H: yes
- Carbaugh: yes
- Heaton: yes
- Miller, K: yes
- Smith, V: yes
- Cash: yes
- Heine: yes
- Moed: yes
- Snow: yes
- Clere: yes
- Hostettler: yes
- Morris: yes
- Soliday: yes
- Commons: yes
- Ireland: yes
- Moseley: yes
- Steuerwald: yes
- Criswell: yes
- Isa: yes
- Novak: yes
- Summers: yes
- Culp: yes
- Jackson, C: yes
- O'Brien: yes
- Sweet: yes
- Dant Chesser: yes
- Jordan: yes
- Olthoff: yes
- Teshka: yes
- Davis: yes
- Judy: yes
- Pack: yes
- Thompson: yes
- DeLaney: yes
- Klinker: yes
- Patterson: yes
- VanNatter: yes
- DeVon: yes
- Lauer: yes
- Payne: yes
- Wesco: yes
- Dvorak: yes
- Lawson: yes
- Pfaff: yes
- Yocum: yes
- Engleman: yes
- Ledbetter: yes
- Pierce, K: yes
- Zimmerman: yes
- Bauer: excused
- Jeter: excused
- Johnson, B: excused
- King: excused
- Behning: excused
- Genda: not voting
- Karickhoff: not voting
- Mr. Speaker: not voting
HB 1406 - Holdman - 3rd Reading
2026-02-24 · pass · 48-0
Member-level votes (50)
- Alexander: yes
- Carrasco: yes
- Glick: yes
- Niezgodski: yes
- Alting: yes
- Charbonneau: yes
- Goode: yes
- Qaddoura: yes
- Baldwin: yes
- Clark: yes
- Holdman: yes
- Raatz: yes
- Bassler: yes
- Crider: yes
- Hunley: yes
- Randolph: yes
- Becker: yes
- Deery: yes
- Jackson, L: yes
- Rogers: yes
- Bohacek: yes
- Dernulc: yes
- Johnson: yes
- Schmitt: yes
- Bray: yes
- Donato: yes
- Koch: yes
- Spencer: yes
- Brown: yes
- Doriot: yes
- Leising: yes
- Taylor: yes
- Buchanan: yes
- Ford J.D.: yes
- Maxwell: yes
- Tomes: yes
- Buck: yes
- Freeman: yes
- McKinley: yes
- Walker G: yes
- Busch: yes
- Garten: yes
- Mishler: yes
- Walker K: yes
- Byrne: yes
- Gaskill: yes
- Niemeyer: yes
- Yoder: yes
- Pol: excused
- Young: excused
HB 1406 - Thompson
2026-02-27 · pass · 65-31
Member-level votes (100)
- Abbott: yes
- Genda: yes
- Lehman: yes
- Rowray: yes
- Aylesworth: yes
- Goss-Reaves: yes
- Lindauer: yes
- Shonkwiler: yes
- Barrett: yes
- Greene: yes
- Lopez: yes
- Slager: yes
- Bartels: yes
- Haggard: yes
- Lucas: yes
- Smith, H: yes
- Bascom: yes
- Hall: yes
- May: yes
- Snow: yes
- Behning: yes
- Heaton: yes
- Mayfield: yes
- Soliday: yes
- Borders: yes
- Heine: yes
- McGuire: yes
- Steuerwald: yes
- Carbaugh: yes
- Ireland: yes
- McNamara: yes
- Sweet: yes
- Cash: yes
- Isa: yes
- Meltzer: yes
- Teshka: yes
- Clere: yes
- Jeter: yes
- Miller, D: yes
- Thompson: yes
- Commons: yes
- Jordan: yes
- Morris: yes
- VanNatter: yes
- Criswell: yes
- Judy: yes
- O'Brien: yes
- Wesco: yes
- Culp: yes
- Karickhoff: yes
- Olthoff: yes
- Yocum: yes
- DeLaney: yes
- King: yes
- Payne: yes
- Zimmerman: yes
- DeVon: yes
- Lauer: yes
- Pierce, K: yes
- Dvorak: yes
- Lawson: yes
- Prescott: yes
- Engleman: yes
- Ledbetter: yes
- Pressel: yes
- Andrade: no
- GiaQuinta: no
- Manning: no
- Pierce, M: no
- Bartlett: no
- Gore: no
- Miller, K: no
- Porter: no
- Bauer: no
- Hamilton: no
- Moed: no
- Pryor: no
- Burton: no
- Harris: no
- Moseley: no
- Shackleford: no
- Campbell: no
- Hatcher: no
- Novak: no
- Smaltz: no
- Dant Chesser: no
- Jackson, C: no
- Pack: no
- Smith, V: no
- Errington: no
- Johnson, B: no
- Patterson: no
- Summers: no
- Garcia Wilburn: no
- Klinker: no
- Pfaff: no
- Baird: excused
- Davis: excused
- Hostettler: excused
- Mr. Speaker: not voting
HB 1406 - Holdman
2026-02-27 · pass · 46-1
Member-level votes (50)
- Alexander: yes
- Charbonneau: yes
- Goode: yes
- Raatz: yes
- Alting: yes
- Clark: yes
- Holdman: yes
- Randolph: yes
- Baldwin: yes
- Crider: yes
- Hunley: yes
- Rogers: yes
- Becker: yes
- Deery: yes
- Jackson, L: yes
- Schmitt: yes
- Bohacek: yes
- Dernulc: yes
- Johnson: yes
- Spencer: yes
- Bray: yes
- Donato: yes
- Koch: yes
- Taylor: yes
- Brown: yes
- Doriot: yes
- Leising: yes
- Tomes: yes
- Buchanan: yes
- Ford J.D.: yes
- Maxwell: yes
- Walker G: yes
- Buck: yes
- Freeman: yes
- Mishler: yes
- Walker K: yes
- Busch: yes
- Garten: yes
- Niezgodski: yes
- Yoder: yes
- Byrne: yes
- Gaskill: yes
- Pol: yes
- Carrasco: yes
- Glick: yes
- Qaddoura: yes
- Young: no
- Bassler: not voting
- McKinley: not voting
- Niemeyer: not voting

Related bills

No related bills recorded for this bill.

Official source

https://api.iga.in.gov/2026/bills/hb1406

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:22:09.317128Z

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