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Senate bill seeks to steer redevelopment tax credits toward regional development authorities with measurable outcomes

House Ways and Means Committee · February 4, 2026

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Summary

Senate Bill 281 would reserve redevelopment tax credit capacity for projects proposed by Regional Development Authorities and qualifying regional nonprofits, tie awards to measurable 5‑ and 10‑year regional objectives and set aside $50 million per fiscal year for RDA applications. Proponents said the change encourages bottom‑up regional cooperation for talent, housing and advanced manufacturing projects.

Senate Bill 281 was presented as a tool to encourage county and multi‑county cooperation for regionally significant economic development. The bill would let Regional Development Authorities or qualifying regional nonprofits submit redevelopment plans to the Indiana Economic Development Corporation for an…

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