2025 Regular SessionIndiana Legislature

SB0254: Biofuel tax credits.

Legislative Summary

Biofuel tax credits. Provides tax credits for: (1) the sale of higher ethanol blend; and (2) the: (A) sale of blended biodiesel or renewable diesel; and (B) blending of biodiesel or renewable diesel. Specifies the amount of the tax credit for higher ethanol blend. Limits the total amount of higher ethanol blend tax credits that may be awarded in a state fiscal year to $10,000. Specifies the amount of the tax credit for blended biodiesel or renewable diesel. Limits the total amount of blended biodiesel or renewable diesel tax credits that may be awarded in a state fiscal year to $10,000.

Demographic Impact

Overall analysis of equity impact

Neutral
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Bill History

1/13/2025
Authored by Senator Buchanan
Senate
1/13/2025
First reading: referred to Committee on Tax and Fiscal Policy
Senate
2/4/2025
Committee report: amend do pass, adopted
Senate
2/6/2025
Second reading: ordered engrossed
Senate
2/6/2025
Senator Clark added as second author
Senate
2/6/2025
Senator Rogers added as third author
Senate
2/6/2025
Senator Walker G added as coauthor
Senate
2/6/2025
Senator Randolph added as coauthor
Senate
2/10/2025
Third reading: passed; Roll Call 86: yeas 46, nays 3
Senate
2/10/2025
House sponsor: Representative Culp
Senate
2/11/2025
Referred to the House
Senate
3/3/2025
First reading: referred to Committee on Ways and Means
House of Representatives

Amendments

Senate Tax and Fiscal Policy Amendment #2

Senate Tax and Fiscal Policy Amendment #2

2/4/2025Not Adopted

Senate Tax and Fiscal Policy Amendment #2

Senate Tax and Fiscal Policy Amendment #2

2/4/2025Not Adopted

Roll Call Votes

Senate - Third reading
2/10/2025
46
Yea
3
Nay
0
Not Voting
1
Absent
Result: PASSED

Status Information

Current Status
Engrossed(2/11/2025)
Chamber
House of Representatives
Committee
Ways and Means(House of Representatives)

Documents

Comm Sub
Bill Text2/4/2025185.6 KB
Introduced
Bill Text1/10/2025144.1 KB
Fiscal Note
Fiscal Note2/10/202564.7 KB
Fiscal Note
Fiscal Note2/6/202565.0 KB
Misc
Misc2/4/202522.4 KB
Misc
Misc2/4/202553.2 KB
Fiscal Note
Fiscal Note2/4/202565.1 KB
Fiscal Note
Fiscal Note1/10/202568.5 KB