Indiana · 2025 Regular Session · Bill
HB 1293: Investor ownership of single family residences.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1293 is a bill introduced in the Indiana House on January 13, 2025. According to its official title, it concerns: Investor ownership of single family residences. Primary sponsor: Earl Harris (Democratic). Most recent recorded action (January 13, 2025): Authored by Representative Harris.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Establishes the housing down payment assistance fund. Establishes a transfer tax equal to 50% of the fair market value of a single family residence for each single family residence acquired by an applicable taxpayer after the applicable date. Establishes a maximum number of single family residences that may be owned by an applicable taxpayer after the applicable date for purposes of calculating an annual excise tax on any excess single family residences.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Earl Harris | Primary sponsor | Democratic | House | 2 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Authored by Representative Harris
- First reading: referred to Committee on Ways and Means