Indiana · 2026 session · senate
+1256 / −909 words · LargeConfidence: high
SB 281 fundamentally restructures Indiana's income tax credit programs by imposing new aggregate annual caps ($250 million through FY2025, then $300 million with $15 million earmarked for community projects), establishing a December 31, 2032 sunset date, and creating budget committee oversight for credits exceeding statutory maximums. The bill eliminates governance provisions for regional development advisory councils (removing compensation prohibitions, meeting requirements, and officer positions) while creating an extensive new regulatory framework for FAA-designated unmanned aircraft systems (UAS) test sites, including operational requirements, funding mechanisms, and state procurement authority. The legislation also adds business eligibility restrictions excluding real estate, insurance, and professional services from certain credits while creating exceptions for e-commerce and patented retail products, and establishes new certification, fee, and reporting requirements administered by the Indiana Economic Development Corporation.
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