WeVote
Log In

Bill

Bill

SB 264

Economic development tax credits.

2026 Regular Session Introduced by Brian Buchanan and 1 co-sponsor

Indiana SB 264 creates economic development tax credits to incentivize business investment and job creation, passing the Senate with committee amendments on January 26, 2026.

Committee report: amend do pass, adopted
0
WeVote Research Nonpartisan
Bill Summary · SB 264

Legislative bill overview

SB 264 establishes or modifies economic development tax credits in Indiana, allowing businesses to claim tax incentives for meeting specified criteria related to job creation, investment, or location decisions. The bill has progressed through committee amendments and passed its third reading in the Senate on January 26, 2026.

Why is this important

Tax credits directly affect state revenue and business investment patterns. Companies may use these incentives to decide whether to expand, relocate, or create jobs in Indiana, potentially influencing employment and economic growth. However, the fiscal impact on the state budget and whether credits generate sufficient economic return are critical considerations.

Potential points of contention

  • Fiscal cost vs. economic benefit: Whether the tax credits' cost to the state treasury is justified by measurable job creation and economic growth
  • Eligibility and fairness: Which businesses qualify, whether criteria favor certain industries or regions, and whether smaller businesses can access benefits equally
  • Long-term accountability: Whether companies receiving credits maintain jobs/investments long-term or leave after tax benefits expire, and what enforcement mechanisms exist

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.