Indiana HB1142: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

What the bill says

A bill FOR AN ACT to amend the Indiana Code concerning taxation. SUMMARY: Fiscal matters. Extends the expiration of provisions concerning a county with a single voting bloc and the allocation of votes for a local income tax council. Removes provisions enacted in HEA 1001-2025 that treated the local government investment pool as a financial institution and considered the seven day yield published weekly by the treasurer of state to be a quote for purposes of the law governing the deposit and investment of public funds. Provides that money in the Pokagon Band Tribal-state compact fund is continu.

From the introduced text, May 16, 2026:

A BILL FOR AN ACT to amend the Indiana Code concerning taxation. SUMMARY: Fiscal matters. Extends the expiration of provisions concerning a county with a single voting bloc and the allocation of votes for a local income tax council. Removes provisions enacted in HEA 1001-2025 that treated the local government investment pool as a financial institution and considered the seven day yield published weekly by the treasurer of state to be a quote for purposes of the law governing the deposit and investment of public funds. Provides that money in the Pokagon Band Tribal-state compact fund is continuously appropriated for the purposes of the fund. Extends by five years provisions enacted in HEA 1001-2025 requiring termination of the compact related to the establishment of the Chicago-Gary Regional Airport Authority. Resolves a conflict between SEA 425-2025 and HEA 1005-2025. Makes conforming amendments consistent with changes made to statutes concerning advisory plan commissions in SEA 425-2025.

Sponsors

• Michael Karickhoff (R, HD-030) · primary sponsor

Latest actions

1. January 5, 2026: First reading: referred to Committee on Ways and Means
2. January 5, 2026: Authored by Representative Karickhoff