House Bill 1001, introduced in the Indiana House on April 16, 2025, aims to enhance the review and evaluation process for tax incentives within the state. The bill mandates a systematic approach to assess the effectiveness of existing tax incentives, ensuring they align with their original legislative intent and are economically viable.

Key provisions of House Bill 1001 include the establishment of a framework for the legislative services agency to conduct thorough reviews of tax incentives. This framework requires the agency to provide detailed analyses that will inform the General Assembly on whether to continue, modify, or terminate specific incentives. The bill emphasizes transparency, stipulating that no proprietary taxpayer information will be disclosed in these evaluations.

The interim study committee on fiscal policy is tasked with holding public hearings annually to discuss the findings of the legislative services agency and gather public input on tax incentives. The committee will then submit recommendations to the legislative council, which will guide the General Assembly in making informed decisions regarding the future of these incentives.

Notably, the bill also establishes a voter education outreach fund, aimed at enhancing public awareness of voter rights and responsibilities, and an election administration assistance fund to improve election processes for federal offices. These provisions reflect a broader commitment to civic engagement and electoral integrity.

The introduction of House Bill 1001 has sparked discussions among lawmakers and stakeholders about the implications of tax incentives on the state’s economy. Proponents argue that a rigorous review process will lead to more effective use of taxpayer dollars, while critics express concerns about potential reductions in incentives that could deter business investment in Indiana.

As the bill progresses through the legislative process, its outcomes could significantly impact Indiana's fiscal policy and economic landscape. The General Assembly is expected to deliberate on the bill's provisions, weighing the benefits of enhanced oversight against the potential risks of altering existing tax incentives. The bill is set to expire on December 31, 2030, unless further action is taken to extend its provisions.