Various fiscal matters.

Indiana · 2026 session · senate

SB 4Various fiscal matters.

Status: Signed into law
Latest action: 2026-03-05 — Signed by the Governor
Primary sponsor: Ryan Mishler (Republican)

AGENCIES; State Budget Agency (SBA)
BOARDS, COMMISSIONS, AND COUNCILS; Budget Committee
BOARDS, COMMISSIONS, AND COUNCILS; Generally
CHILDREN AND MINORS; Child Care Programs
COUNTY GOVERNMENT
COURTS; Generally
GENERAL ASSEMBLY; Budget and Appropriations
GENERAL ASSEMBLY; Legislative Council
GENERAL ASSEMBLY; Legislative Services Agency
HEALTH CARE FACILITIES; Mental Health Facilities

Latest change summary

+624 / −850 words · LargeConfidence: high

This version of SB 4 substantially narrows the bill's scope by removing entire policy frameworks and oversight mechanisms. The changes eliminate multi-million dollar tax credit caps and budget committee review requirements, delete UAS test site administration provisions, remove foreign adversary restrictions on corporate certifications, and strip out land transaction notification and reporting requirements for a state corporation. Most significantly, the bill removes a $300 million annual tax credit cap (with a $15 million community project set-aside) and a separate $250 million cap for earlier fiscal years, eliminating legislative oversight procedures that required budget committee review of certifications. The removal of preamble text that described approximately two dozen distinct provisions suggests either wholesale restructuring of the bill or abandonment of numerous policy initiatives spanning taxation, economic development, healthcare, education, and technology infrastructure.

Eliminates $300 million annual aggregate cap on tax credits for fiscal years after July 1, 2025 (including $15 million set-aside for community projects) and $250 million cap for earlier fiscal years, removing budget committee review requirements

Removes December 31, 2032 sunset date from tax credit provisions, making them permanent unless future legislation intervenes

Deletes entire FAA UAS test site administration framework including operating partner financial authorities, bank account requirements, and federal funding pursuit obligations

Eliminates all land transaction notification and reporting requirements for the corporation, including 30-day advance notice to county commissioners for purchases exceeding 100 acres and post-closing reports to budget committee

Removes foreign adversary restrictions that prohibited tax credit certification to entities organized under, headquartered in, or majority-owned by foreign adversary nations

AI-assisted summary grounded in bill text — verify against official sources before relying on it for counsel work.

SB 4Various fiscal matters.

Latest change summary

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