Indiana · 2025 Regular Session · Bill
SB 497: Tax credit for newborn children.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 497 is a bill introduced in the Indiana Senate on January 14, 2025. According to its official title, it concerns: Tax credit for newborn children. Primary sponsor: Lori Goss-Reaves (Republican), Rodney Pol (Democratic), Stacey Donato (Republican), Greg Walker (Republican). It lists 15 additional sponsors. Most recent recorded action (March 3, 2025): First reading: referred to Committee on Ways and Means.
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 tax credit for newborn children, which an eligible taxpayer may claim only in the first taxable year in which a particular newborn child is eligible for the exemption allowed under specified provisions of the Internal Revenue Code. Defines "eligible taxpayer". Provides that the amount of the credit is $500 per newborn child, or $250 per eligible newborn child in the case of a married individual filing a separate return. Prorates the credit in the case of a resident taxpayer residing in Indiana for a period of less than the taxpayer's entire taxable year. Limits the total amount of credits that may be awarded in a calendar year to $10,000. Provides for the expiration of the credit.
Sponsors
Sponsors by party (alphabetical): Democratic 6 · Independent 1 · Republican 12
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Lori Goss-Reaves | Primary sponsor | Republican | House | 31 |
| Rodney Pol | Primary sponsor | Democratic | Senate | 4 |
| Stacey Donato | Primary sponsor | Republican | Senate | 18 |
| Greg Walker | Primary sponsor | Republican | Senate | 41 |
| Ron Alting | Co-sponsor | Republican | Senate | 22 |
| Ed Clere | Co-sponsor | Independent | House | 72 |
| Spencer Deery | Co-sponsor | Republican | Senate | 23 |
| Blake Doriot | Co-sponsor | Republican | Senate | 12 |
| Bob Heaton | Co-sponsor | Republican | House | 46 |
| Travis Holdman | Co-sponsor | Republican | Senate | 19 |
| Andrea Hunley | Co-sponsor | Democratic | Senate | 46 |
| Tyler Johnson | Co-sponsor | Republican | Senate | 14 |
| Ryan Lauer | Co-sponsor | Republican | House | 59 |
| Rick Niemeyer | Co-sponsor | Republican | Senate | 6 |
| David Niezgodski | Co-sponsor | Democratic | Senate | 10 |
| Fady Qaddoura | Co-sponsor | Democratic | Senate | 30 |
| Lonnie Randolph | Co-sponsor | Democratic | Senate | 2 |
| Linda Rogers | Co-sponsor | Republican | Senate | 11 |
| Shelli Yoder | Co-sponsor | Democratic | Senate | 40 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- First reading: referred to Committee on Ways and Means
- Referred to the House
- Cosponsors: Representatives Clere, Heaton, Lauer
- House sponsor: Representative Goss-Reaves
- Third reading: passed; Roll Call 207: yeas 47, nays 0
- Senator Pol added as third author
- Senator Doriot added as coauthor
- Senator Deery added as coauthor
- Senator Yoder added as coauthor
- Senator Pol removed as coauthor
- Senator Alting added as coauthor
- Second reading: ordered engrossed
Showing 12 most recent of 22 actions. Full history