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Bill

Bill

SB 283

Regional development tax credit.

2026 Regular Session Introduced by Ryan Mishler and 1 co-sponsor

Indiana proposes a regional development tax credit to incentivize business investment in designated economic zones, trading near-term tax revenue for potential long-term job creation and economic growth.

First reading: referred to Committee on Tax and Fiscal Policy
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Bill Summary · SB 283

Legislative bill overview

SB 283 establishes a regional development tax credit in Indiana, allowing businesses or investors to claim tax credits for investments or activities that support economic development in designated regional areas. The bill has just been introduced and referred to the Tax and Fiscal Policy Committee for initial review. Specific details about credit percentages, eligible activities, and geographic designations are not yet publicly available at this early stage.

Why is this important

Tax credits are powerful economic policy tools that can redirect private investment toward underperforming regions, potentially creating jobs and increasing tax revenue long-term. However, they also represent foregone state revenue in the short term and require careful design to ensure credits actually incentivize new activity rather than subsidizing investments that would happen anyway. The bill's effectiveness depends heavily on implementation details still being developed.

Potential points of contention

  • Cost to state budget: How much foregone tax revenue will the credit cost, and is it fiscally sustainable during budget constraints?
  • Geographic fairness: Which regions qualify and by what criteria—will this benefit some communities while leaving others behind?
  • Program integrity: How will the state verify that credited investments are genuine new development and not existing projects claiming retroactive benefits?

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

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