Indiana · 2026 Regular Session · Bill
SB 218: Circuit breaker credits for homesteads.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 218 is a bill introduced in the Indiana Senate on January 8, 2026. According to its official title, it concerns: Circuit breaker credits for homesteads. Primary sponsor: Jim Buck (Republican), Rick Niemeyer (Republican). Most recent recorded action (January 8, 2026): Authored by Senators Buck, Niemeyer.
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.
Authorizes the fiscal body of a county, city, or town (municipality) to reduce its homestead property tax cap. Requires the reduced property tax cap to apply only in determining the net property tax revenue of the municipality that adopted it and not to any other taxing unit within the taxing district. Authorizes a municipality that has adopted a reduced homestead property tax cap to adopt any of the following local option taxes, either singly or in combination, the revenue from which must be used as property tax replacement revenue due to the reduced homestead property tax cap: (1) Local option sales tax. (2) Supplemental local income tax. (3) Supplemental innkeeper's tax. (4) Supplemental food and beverage tax. Makes conforming changes and removes obsolete provisions. Makes an appropriation.
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jim Buck | Primary sponsor | Republican | Senate | 21 |
| Rick Niemeyer | Primary sponsor | Republican | Senate | 6 |
“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 Senators Buck, Niemeyer
- First reading: referred to Committee on Tax and Fiscal Policy