SB 264 IN
Economic development tax credits.
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Summary
Amends the economic development for a growing economy (EDGE) tax credit to: (1) authorize the Indiana economic development corporation (IEDC) to increase the value of an EDGE credit to a company for new job creation based on the amount of expenses of the company to relocate an individual to Indiana to fill the position; and (2) explicitly permit the IEDC to provide EDGE credits to a company that is retaining an employee through a minimum of a 25% increase in hourly wages paid to the individual. Clarifies provisions that apply to IEDC certification of a fund as a qualified Indiana investment fund.
Sponsors (3)
- Brian Buchanan Republican · author
- Linda Rogers Republican · author
- Danny Lopez Republican · sponsor
Action history (8)
- Jan 8, 2026 First reading: referred to Committee on Tax and Fiscal Policy · upper
- Jan 8, 2026 Authored by Senators Buchanan, Rogers · upper
- Jan 20, 2026 Committee report: amend do pass, adopted · upper
- Jan 22, 2026 Second reading: ordered engrossed · upper
- Jan 26, 2026 House sponsor: Representative Lopez · upper
- Jan 26, 2026 Third reading: passed; Roll Call 84: yeas 41, nays 3 · upper
- Jan 27, 2026 Referred to the House · upper
- Jan 28, 2026 First reading: referred to Committee on Ways and Means · lower
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