2025 Regular SessionIndiana Legislature

SB0443: Business personal property tax.

Legislative Summary

Business personal property tax. Increases the acquisition cost threshold for the business personal property tax exemption from $80,000 to $100,000.

Demographic Impact

Overall analysis of equity impact

80% Positive
High ConfidenceView detailed demographic breakdown ↓

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Bill History

1/13/2025
Authored by Senators Freeman and Garten
Senate
1/13/2025
First reading: referred to Committee on Tax and Fiscal Policy
Senate
1/28/2025
Committee report: do pass, adopted
Senate
1/28/2025
Senator Gaskill added as coauthor
Senate
1/30/2025
Senator Tomes added as third author
Senate
2/3/2025
Senator Randolph added as coauthor
Senate
2/10/2025
Senator Randolph removed as coauthor
Senate
2/11/2025
Amendment #8 (Freeman) prevailed; voice vote
Senate
2/11/2025
Second reading: amended, ordered engrossed
Senate
2/13/2025
Third reading: passed; Roll Call 127: yeas 39, nays 7
Senate
2/13/2025
House sponsor: Representative Snow
Senate
2/13/2025
Senator Koch added as coauthor
Senate
2/14/2025
Referred to the House
Senate
3/3/2025
First reading: referred to Committee on Ways and Means
House of Representatives
3/13/2025
Representative Judy added as cosponsor
House of Representatives

Amendments

Senate Amendment #8

Senate Amendment #8

2/11/2025Not Adopted

Senate Amendment #7

Senate Amendment #7

2/3/2025Not Adopted

Senate Amendment #6

Senate Amendment #6

2/3/2025Not Adopted

Senate Amendment #5

Senate Amendment #5

2/3/2025Not Adopted

Senate Amendment #3

Senate Amendment #3

2/3/2025Not Adopted

Senate Amendment #2

Senate Amendment #2

2/3/2025Not Adopted

Senate Amendment #4

Senate Amendment #4

2/3/2025Not Adopted

Senate Amendment #1

Senate Amendment #1

1/30/2025Not Adopted

Roll Call Votes

Senate - Third reading
2/13/2025
39
Yea
7
Nay
0
Not Voting
4
Absent
Result: PASSED

Status Information

Current Status
Engrossed(2/14/2025)
Chamber
House of Representatives
Committee
Ways and Means(House of Representatives)

Documents

Engrossed
Bill Text2/11/2025115.9 KB
Comm Sub
Bill Text1/28/2025320.3 KB
Introduced
Bill Text1/13/2025302.9 KB
Fiscal Note
Fiscal Note2/13/202585.1 KB
Fiscal Note
Fiscal Note2/11/202585.2 KB
Fiscal Note
Fiscal Note1/31/202594.3 KB
Fiscal Note
Fiscal Note1/28/202593.5 KB
Misc
Misc1/28/202522.6 KB
Misc
Misc1/28/202549.7 KB
Fiscal Note
Fiscal Note1/13/202593.5 KB