Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

Indiana · 2025 Regular Session · Bill

HB 1612: Rural business growth.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 1612 is a bill introduced in the Indiana House on January 21, 2025. According to its official title, it concerns: Rural business growth. Primary sponsor: Shane Lindauer (Republican). It lists 2 additional sponsors. Most recent recorded action (January 27, 2025): Representative Commons added as coauthor.

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 a state tax credit (credit) for certain capital investments made in rural funds. Establishes procedures for a rural fund to apply to the Indiana economic development corporation (IEDC) for certification of a capital investment as eligible for a credit provided by the bill. Requires a rural fund to pay a nonrefundable application fee of $5,000 to the IEDC. Provides that the credit is an amount equal to: (1) the applicable percentage for the credit allowance date; multiplied by (2) the purchase price paid to the rural fund for the capital investment. Sets forth the maximum annual amount of credits that may be certified. Provides that the credit is subject to recapture. Requires a rural fund that has received a credit to submit reports on an annual basis to the IEDC over the credit allowance period.

Sponsors

Sponsors by party (alphabetical): Republican 3

NameRolePartyChamberDistrict
Shane LindauerPrimary sponsorRepublicanHouse63
Matt CommonsCo-sponsorRepublicanHouse13
Jack JordanCo-sponsorRepublicanHouse17

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Representative Commons added as coauthor
  2. Representative Jordan added as coauthor
  3. First reading: referred to Committee on Ways and Means
  4. Authored by Representative Lindauer

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source