SB 264 Indiana Senate · 2026 Regular Session

Economic development tax credits.

Summary

Amends the economic development for a growing economy (EDGE) tax credit to: (1) authorize the Indiana economic development corporation (IEDC) to increase the value of an EDGE credit to a company for new job creation based on the amount of expenses of the company to relocate an individual to Indiana to fill the position; and (2) explicitly permit the IEDC to provide EDGE credits to a company that is retaining an employee through a minimum of a 25% increase in hourly wages paid to the individual. Clarifies provisions that apply to IEDC certification of a fund as a qualified Indiana investment fund.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Jan 2026

Senate Passage

Jan 2026

House Passage

Governor

Introduced Jan 8, 2026 Last action Jan 28, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Introduced Senate Bill (S) → Senate Bill (H) · 3 edits

MINOR

This bill was amended to clarify how the EDGE tax credit is calculated and to add provisions about IEDC fund certification. The primary substantive change modifies the maximum credit amount from a fixed $10,000 to include incremental income tax withholdings plus an additional $10,000 cap, making the credit more flexible for new residents. Technical formatting updates were also made to the bill header and digest information.

Scope change

The bill's scope expanded slightly by adding clarification on IEDC fund certification provisions, while the core economic development credit program remains focused on job creation, retention, and wage increases.

FISCAL

Changed the maximum EDGE tax credit amount for new Indiana residents from a flat $10,000 to include the incremental income tax withholdings attributable to the position plus an additional $10,000 cap.

REQUIREMENT

Added clarification that IEDC may provide EDGE credits to companies retaining employees through a minimum 25% increase in hourly wages, and explicitly permits IEDC to certify funds as qualified Indiana investment funds.

TECHNICAL

Updated bill formatting including bill number designation, digest date, and session information from 'Introduced' to current Senate version.

Floor votes · Senate Jan 26, 2026

How they voted

41–3

Passed · 4 other

Total votes 48

Jan 26, 2026

D Democratic9

7 Yea 2

77% Yea

R Republican39

34 Yea 3 Nay 2

87% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 26, 2026

Upper · Passed

Third reading: passed; Roll Call 84: yeas 41, nays 3

upper

Jan 20, 2026

Upper · Passed

Committee report: amend do pass, adopted

upper

3 primary · 0 co-sponsors