IndianaShort line railroad tax credit.
What it does
Allows a taxpayer to claim a credit against state income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures. Specifies the amount of the credit. Limits the total amount of credits that may be allowed in a state fiscal year to: (1) $10,000 for qualified railroad expenditures; and (2) $10,000 for qualified new rail infrastructure expenditures.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 13Representative Zimmerman added as cosponsorLatest
- Mar 3First reading: referred to Committee on Ways and MeansMinor
- Feb 11Referred to the HouseMinor
- Feb 10Senator Leising added as coauthor
- Vote recorded SB 292 - Doriot - 3rd Reading. Result: pass.Upper
- Feb 10House sponsor: Representative Heine
- Feb 10Third reading: passed; Roll Call 88: yeas 46, nays 3Passed Senate
- Feb 10Cosponsors: Representatives Miller D and King
- Feb 6Senators Maxwell and Alting added as coauthors
- Feb 6Second reading: ordered engrossedMinor
- Feb 6Senator Randolph added as coauthor
- Feb 4Committee report: amend do pass, adoptedMinor
- Jan 23Senator Rogers added as coauthor
- Jan 23Senators Byrne and Tomes added as coauthors
- Jan 21Senator Charbonneau added as coauthor
- Jan 21Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal PolicyMinor
- Jan 13Authored by Senators Doriot, Holdman, Crider
- Jan 13First reading: referred to Committee on Homeland Security and TransportationIntroduced