| HB1042 | REGULATION AND INVESTMENT OF CRYPTOCURRENCY. (PIERCE K) Provides that the administrator or manager of the following shall offer a cryptocurrency exchange traded fund as a regular investment program: (1) The legislators' defined contribution plan. (2) The Hoosier START plan. (3) The public employees' retirement fund hybrid plan. (4) The public employees' retirement fund My Choice plan. (5) The teachers' retirement fund hybrid plan (including the teachers' pre-1996 account). (6) The teachers' retirement fund My Choice plan. (7) The 529 education savings plan. Provides that the assets of the following may be invested in cryptocurrency exchange traded funds: (1) The legislators' defined benefit plan. (2) The state excise police, gaming agent, gaming control officer, and conservation enforcement officers' retirement plan. (3) The special death benefit fund. (4) The public employees' retirement fund hybrid plan. (5) The pension relief fund. (6) The teachers' retirement fund hybrid plan (including the teachers' pre-1996 account). (7) The judges' retirement system. (8) The prosecuting attorneys retirement fund. (9) The 1977 police officers' and firefighters' pension and disability fund. Provides that the treasurer of state may invest the assets of the following in stablecoin cryptocurrency exchange traded funds: (1) The trust Indiana investment pool. (2) The next generation trust fund. (3) The state police benefit system. Establishes the blockchain and digital assets task force and provides that the task force shall: (1) evaluate governmental use cases, consumer protection, tax administration, and investment governance for digital assets; and (2) develop, and submit to the governor and the legislative council, recommended legislation for introduction in the 2027 legislation session establishing not more than two state or local blockchain pilot projects for the purpose of testing blockchain implementation in Indiana. Prohibits a public agency, county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits, restricts, or impairs an individual's ability to: (A) accept digital assets as a method of payment for legal goods and services; or (B) take custody of digital assets using specified technologies. (2) Prohibits, restricts, or impairs the ability of an individual or business to engage in specified activities pertaining to blockchains. (3) Imposes taxes or fees on: (A) use or acceptance of digital assets as a method of payment for legal goods and services; or (B) taking or maintaining custody of digital assets using a self-hosted wallet or hardware wallet; that are not applicable to comparable financial transactions that do not involve digital assets. (4) Prohibits a digital asset mining business from operating in an area zoned for industrial use, or subjects a digital asset mining business located in an area zoned for industrial use to noise restrictions that are not applicable to other businesses operating in an area zoned for industrial use. (5) Prohibits private digital asset mining in a private residence located in an area that is zoned for residential use, or subjects private digital asset mining in a residence located in an area zoned for residential use to noise restrictions that do not apply to other residences in an area zoned for residential use. Provides that development or use of software for noncustodial transfer of digital assets does not constitute money transmission for purposes of statutes regarding licensure of money transmitters. Provides that a court may compel a person to disclose a digital asset private key only if no other admissible information is sufficient to provide access to the digital asset. |
| | Current Status: | 1/13/2026 - House Committee recommends passage, as amended Yeas: 9; Nays: 3
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| | Recent Status: | 1/13/2026 - House Financial Institutions, (Bill Scheduled for
Hearing)
12/4/2025 - House Financial Institutions, (Bill Scheduled for
Hearing)
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| | News Stories: | 12/5/2025 - Lawmakers want Indiana to become a crypto leader. That may start with retirement funds |
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| SB54 | ZONING OVERLAY DISTRICTS FOR SOLAR PROJECTS. (BROWN L) Provides that after December 31, 2025, a permit authority may not establish in a unit a zoning overlay district in which one or more commercial solar energy projects (CSE projects) will be located unless each underlying zoning district across which the proposed overlay district will extend is zoned for a use that, under the unit's existing zoning ordinance at the time the overlay district is proposed, permits the location of a CSE project within that underlying district. Provides that if one or more underlying zoning districts across which the proposed overlay district will extend is not zoned for a use that permits the location of a CSE project within that underlying district, each such underlying zoning district, or part of the zoning district, must be rezoned for a use that permits the location of a CSE project within all or part of the underlying zoning district. |
| | Current Status: | 1/6/2026 - added as second author Senator Byrne
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| | Recent Status: | 12/8/2025 - Referred to Senate Utilities
12/8/2025 - First Reading
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| SB71 | VARIOUS PROBATE MATTERS. (CARRASCO C) Establishes the guardianship code revision task force (task force) to study a recodification of the current guardianship code with any necessary changes. Sets forth the membership, and requires the task force to issue a report to the general assembly and the governor. Allows a person indebted to a minor or having possession of property belonging to a minor to pay the debt or deliver the property without a court order in an amount up to $25,000 and to pay the debt or deliver the property to a custodian under the Indiana Uniform Transfers to Minors Act. Specifies that a court may do the following when issuing a protective order: (1) authorize delivery of property to a custodian under the Indiana Uniform Transfers to Minors Act; and (2) order a trustee, custodian, or other person to file periodic reports concerning certain property transactions of a minor. Allows a person having the care and custody of a minor with whom the minor resides to petition a court to compromise a claim on behalf of the minor. Requires a court to hold a hearing on certain petitions concerning a proposal to compromise a claim on behalf of a minor and allows a court to appoint a guardian ad litem, an attorney, or other representative to represent the best interest of the minor in the proceeding. Provides that, under the Indiana Uniform Transfers to Minors Act, a trustee or administrator of certain plans may transfer funds due under a plan to the custodian of a minor who is designated as a beneficiary. Allows a custodian to transfer part or all of the minor's custodial property out of the custodial form under the Indiana Uniform Transfers to Minors Act to certain types of trusts or accounts without a court order. Provides that when a power of appointment in a trust
(earlier power) is exercised to create another power of appointment (subsequent power) or another nonvested property interest, then the subsequent power or nonvested property interest created through the exercise of the earlier power is considered to have been created at the time of the creation of the earlier power, unless: (1) the instrument creating the earlier power; or (2) the instrument exercising the earlier power; explicitly provides that the subsequent power or nonvested property interest is considered to have been created at the time of the irrevocable exercise of the earlier power. Specifies that language conferring general authority in a power of attorney with respect to personal or family maintenance authorizes an attorney in fact to take certain actions on behalf of the principal for the benefit of the principal and the principal's spouse, children, and other persons customarily supported by the principal. Removes the authorization to employ or contract with servants or companions from the description of health care powers. Provides that the application is only to a lifetime or inter vivos transfer of property to a trust or similar arrangement under which the spouse of the transferor is granted an earlier power that can be exercised during the spouse's lifetime or upon the spouse's death to create a subsequent limited power of appointment or another nonvested property interest. Provides that the exercise of the earlier power or another nonvested property interest is considered to have been created at the time of the creation of the earlier power by the transferor. Specifies that certain written agreements executed between an owner of residential real property and a family member, attorney in fact, health care representative, or guardian that provide for an ownership interest in the residential real property are not prohibited residential real estate service agreements. (The introduced version of this bill was prepared by the probate code study committee.) |
| | Current Status: | 1/13/2026 - Referred to House
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| | Recent Status: | 1/12/2026 - House sponsor: Representative Jeter
1/12/2026 - Third reading passed; Roll Call 17: yeas 48, nays 0
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| SB81 | VARIOUS TAX MATTERS. (QADDOURA F) Provides that the overall local income tax (LIT) rate cap (excluding certain special purpose LIT rates) is 3.75% beginning in 2028.~ (Under current law, the overall rate cap is 3.75% in every county other than Marion County and 4.0% in Marion County and is scheduled to be reduced to 2.9% in all counties in 2028.) Repeals provisions that require counties and municipalities to readopt their LIT rate each year beginning in 2031. Requires LIT revenue from a fire protection and emergency medical services rate adopted by a consolidated county to be distributed to the fire special service district established under the UNIGOV statute. Specifies that an included town that is part of the consolidated city under the UNIGOV statute is not a separate municipality for purposes of the LIT provisions enacted in SEA 1 in the 2025 session. Decouples the special purpose LIT rate for central Indiana public transportation projects from the LIT expenditure rate. (Under current law, the special rate for transportation projects is included in a county's total expenditure rate.) Repeals a provision regarding Marion County's allocation of LIT revenue. Expands the population threshold parameters under which a municipality may elect to be treated as if it were not eligible to adopt a municipal LIT (and instead potentially receive a LIT distribution under a county adopted LIT rate). Requires the population count for purposes of the LIT to include any federal special census count
requested by a city or town. Makes changes to LIT distribution provisions. Restores the standard deduction for homestead property in the case of a homestead with an assessed value of $125,000 or less, and retains the supplemental homestead deduction as enacted in SEA 1 in the 2025 session. Amends the calculation of the maximum levy growth quotient (MLGQ) to provide an increased MLGQ for those taxing units with assessed value growth over a three year average that exceeds 20%. Caps the total operating referendum tax that may be levied by a school corporation for referendums approved by the voters after December 31, 2025, to not more than the school corporation's maximum operating referendum tax levy in the immediately preceding year, multiplied by the maximum levy growth quotient. Removes project costs as a determination threshold under the controlled projects statute. Provides for an increase in the tax rate thresholds under the controlled projects statute based on any increase in a political subdivision's tax rate that results solely from the statutory changes to property tax deductions and exemptions enacted in SEA 1 in the 2025 session. Provides a property tax liability credit to freeze the homestead property tax liability for low income seniors. Repeals provisions enacted in SEA 1 in the 2025 session that require a political subdivision to hold a separate public hearing before increasing its tax levy from the preceding year. Reinstates provisions regarding excess tax levies that were repealed in SEA 1 in the 2025 session. Repeals the debt limitation for political subdivisions. Amends revenue distribution provisions for certain debt service levies to include the supplemental homestead credit and the local property tax credits for disabled individuals and seniors added in SEA 1 in the 2025 session for purposes of the distribution determination. Amends provisions added in SEA 1 in the 2025 session that require the department of local government finance to neutralize the effect of certain property tax provisions enacted in that bill. Clarifies provisions added in SEA 1 in the 2025 session that place restrictions on the issuance of certain general obligation bonds. Provides a property tax deduction for permanently disabled veterans based on the percentage of the permanently disabled veteran's service connected disability. Increases the maximum renter's deduction for income tax purposes from $3,000 to $6,000 per taxable year. Provides an income tax credit for first time home buyers with a mortgage applicable for the first taxable year in which the home buyer first takes ownership of a homestead with respect to which a first time home buyer mortgage is granted. Provides that the tax credit is equal to $3,000 for that taxable year and may not be carried forward to a succeeding taxable year, carried back to a preceding taxable year, or refunded. Provides an income tax credit for households whose income is at or below 200% of the federal poverty guidelines for a household of its size. Provides that the tax credit is equal to $3,000 for the taxable year and may not be carried forward to a succeeding taxable year, carried back to a preceding taxable year, or refunded. Provides an income tax credit for small businesses that make contributions to a qualified employee for use toward a qualified employee's cost for child care. Provides that the tax credit may not be carried forward to a succeeding taxable year, carried back to a preceding taxable year, or refunded. Provides an income tax deduction for theft losses that result from certain financial transactions induced by third parties and that cause the individual to incur federal gross income as a result of the theft. Requires the department of state revenue to first certify the theft loss deduction before a taxpayer may claim the deduction in a taxable year. |
| | Current Status: | 12/8/2025 - Referred to Senate Tax and Fiscal Policy
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| | Recent Status: | 12/8/2025 - First Reading
12/8/2025 - Authored By Fady Qaddoura
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