Indiana · 2026 session · senate
+67 / −6 words · MediumConfidence: high
This bill substantially reforms Indiana's economic development tax credit program by expanding eligibility for investments in certain technology-focused companies through newly certified "qualified Indiana investment funds" and increasing credit amounts for jobs filled by new Indiana residents. The legislation establishes a new state certification process for investment funds that prioritize companies engaged in commercialization, technology transfer, or applying new technology, with preference given to companies that have received prior state funding or maintain substantial Indiana presence. The bill raises the tax credit cap for positions filled by new Indiana residents from a flat $10,000 to the incremental income tax withholdings from the position plus $10,000, potentially significantly increasing the credit value per qualifying employee. Credits may now be carried forward for five years if they exceed a taxpayer's liability, and credits certified for investments between July 2020 and June 2029 may be assigned to others subject to a $10,000 minimum per assignee and various notification and reporting requirements. The changes appear designed to stimulate venture capital investment in Indiana-connected technology companies while providing greater flexibility for credit utilization and transfer.
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