Senate Bill

SB 292

Short line railroad tax credit.

In plain English

Allows a taxpayer to claim a credit against state income tax for certain qualified railroad expenditures and qualified new rail infrastructure expenditures. Sets the amount of the credit. Limits total credits in a state fiscal year to $10,000 for each of those two types of spending.

Written by AI from the official digest below, and checked only by automated rules. If they differ, the official digest and bill text control.

Official digest

Allows a taxpayer to claim a credit against state income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures. Specifies the amount of the credit. Limits the total amount of credits that may be allowed in a state fiscal year to: (1) $10,000 for qualified railroad expenditures; and (2) $10,000 for qualified new rail infrastructure expenditures.

Latest action: Representative Zimmerman added as cosponsor, March 13, 2025Full text and history at iga.in.gov

Authors and sponsors

Blake Doriot, Travis Holdman, Michael Crider, Dave Heine

Co-authors and co-sponsors: Ed Charbonneau, Gary Byrne, Jim Tomes, Linda Rogers, Randy Maxwell, Ron Alting, Lonnie Randolph, Jean Leising, Doug Miller, Joanna King, Alex Zimmerman

Roll-call votes

1 recorded vote, oldest first. Third-reading votes decide whether a bill passes a chamber; amendment votes and procedural motions are listed too.

Senate · Feb 10, 2025

Third reading: vote to pass

Roll call text: SB 292 - Doriot - 3rd Reading

Passed

46 yes3 no1 did not vote

Republicans: 35 yes, 3 no, 1 did not voteDemocrats: 10 yes, 0 noNot matched to a current member: 1 yes, 0 no

How each member voted

Source: Open States, compiled from the Indiana General Assembly's official roll calls. The official record at iga.in.gov controls. Spot an error? Let us know.