Summary

State budget. Appropriates money for capital expenditures, the operation of the state, K-12 and higher education, the delivery of Medicaid and other services, and various other distributions and purposes. Repeals a provision allowing the department of administration to enter into a lease with the Indiana historical society (society) for use of a building. Requires the director of the budget agency to make a written determination that funds are not appropriated or otherwise available to support continuation of the performance of any contract or lease with the society. Establishes the primary care access revolving fund for the purpose of making loans to primary care medical practices in Indiana. Requires that the salary matrix for state police, capitol police officers, and department of natural resources law enforcement officers be adjusted each time an adjustment is made to a pay plan for state employees in the executive branch. Provides a sales and use tax exemption period for three days in January and in August of each year for the following items: (1) School supplies. (2) Clothing, including shoes. (3) Computers and computer accessories. (4) Learning aids. (5) Sports and recreational equipment to be used by an individual who is not more than 18 years of age. Provides a sales and use tax exemption period for seven days in May of each year for the following items: (1) Bicycles and accessories. (2) Fishing supplies. (3) Hiking supplies. (4) Hunting supplies. Requires the department of state revenue to calculate an annual adjusted gross income tax exemption index factor to be used in determining certain exemption amounts for purposes of calculating an individual's adjusted gross income each taxable year. Provides an adjusted gross income tax deduction for retirement benefits, phased in over four years. Exempts tips received by an individual employed in a service-providing industry occupation from the adjusted gross income tax. Increases the: (1) employee threshold; and (2) maximum amount of tax credits that may be granted in a year; for purposes of the health reimbursement arrangement income tax credit. Establishes a state tax credit for certain capital investments made in rural funds (rural fund credit). Prescribes requirements for the rural fund credit. Provides an adjusted gross income tax credit for retired farmers who sell or lease farmland or sell livestock to a qualified beginning farmer. Requires the treasurer of state to establish a long term care savings account program that allows an individual to save for long term care expenses. Provides an adjusted gross income tax deduction for contributions made to an individual's long term care savings account during a taxable year. Provides an adjusted gross income tax deduction for long term care insurance premiums paid during the taxable year. Requires the treasurer of state to establish a farm savings account program that allows an individual to save for farming related expenses. Provides an adjusted gross income tax deduction for contributions made to an individual's farm savings account during a taxable year. Establishes the local child care assistance program for the purpose of providing a county with assistance in expanding the availability of child care in the county, including by providing matching grants. Extends the sunset of the collection of hospital assessment fees and health facility quality assessment fees from June 30, 2025, to June 30, 2027. Removes the annual income maximum for choice scholarship eligibility and eligibility for the education scholarship account. Provides that an individual may continue to participate in the career scholarship program after graduating, receiving an Indiana high school equivalency diploma, or obtaining a certificate of completion if the individual: (1) participated in the career scholarship program or the education savings account program while enrolled in grade 10, 11, or 12 in Indiana; (2) was a student with a disability at the time the account was established who required special education and for whom an individualized education program, a service plan, or a choice special education plan was developed; and (3) is less than 22 years of age. Establishes the Hoosier workforce upskill program to provide grants to eligible employers for reimbursement of training expenses. Establishes the public prosecution fund to provide county reimbursement of compensation paid to deputy prosecuting attorneys and other administrative expenses. Provides that unexpended and unencumbered amounts appropriated from the federal economic stimulus fund in P.L.165-2021 do not revert to the state general fund. Requires the state comptroller to transfer: (1) $15,000,000 from the addiction services fund; and (2) $25,000,000 from the department of insurance fund; to the tobacco master settlement agreement fund on July 1, 2025.

Authors

Coauthored by Representatives Porter and SnowAuthored by Representative Thompson

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #2: Introduced2025-01-22 Click To View
Fiscal NoteFiscal Note #1: Introduced2025-01-21 Click To View

History

Date Chamber Action
2025-01-21HouseFirst reading: referred to Committee on Ways and Means
2025-01-21HouseCoauthored by Representatives Porter and Snow
2025-01-21HouseAuthored by Representative Thompson