---
type: "Bill"
title: "Neighborhood and individual development incentives."
description: "Defines a \"community based organization\" as a private, nonprofit corporation whose board of directors is comprised of business, civic, and community leaders, and whose principal purpose includes the provision of low income housing. (Current law limits administration, through a financial institution, of an account to community development corporations.) Provides that: (1) the first $1,500 (rather than $800) is eligible for a state deposit in an individual's account; (2) the allocation, for each account that has been established, for not more than five years, is $3 for each $1 of the first $1,500 (rather than the first $400) an individual deposited into the individual's account; and (3) the amount of the allocation may not exceed $4,500 (rather than $2,400) for each account. Makes various changes to the administration of and procedure for claiming the neighborhood assistance tax credit and the individual development account tax credit. Removes a reference to an obsolete tax."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2024"
identifier: "SB 260"
citation: "Indiana SB 260 (2024)"
classification: ["bill"]
subjects: ["BUSINESS ORGANIZATIONS AND ASSOCIATIONS; Charitable Organizations and Nonprofits", "SOCIAL SERVICES; Generally", "STATE ELECTED OFFICIALS; Lieutenant Governor", "TAXES; Credits"]
status: "enacted"
primary_sponsors: ["Ethan Manning", "Jean Leising", "Vaneta Becker"]
version_count: 4
action_count: 36
vote_count: 4
first_action: "2024-01-16"
last_action: "2024-03-13"
source: "openstates"
source_identifier: "ocd-bill/463f2376-773c-4243-85aa-b955db4e7123"
source_url: "https://api.iga.in.gov/2024/bills/sb0260"
source_hash: "0190b063bdb7d332161c234f57d8a0377daf13a5b075baff8538dcaf7c3d6aab"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-in"]
---

# Indiana SB 260 (2024) — Neighborhood and individual development incentives.

Defines a "community based organization" as a private, nonprofit corporation whose board of directors is comprised of business, civic, and community leaders, and whose principal purpose includes the provision of low income housing. (Current law limits administration, through a financial institution, of an account to community development corporations.) Provides that: (1) the first $1,500 (rather than $800) is eligible for a state deposit in an individual's account; (2) the allocation, for each account that has been established, for not more than five years, is $3 for each $1 of the first $1,500 (rather than the first $400) an individual deposited into the individual's account; and (3) the amount of the allocation may not exceed $4,500 (rather than $2,400) for each account. Makes various changes to the administration of and procedure for claiming the neighborhood assistance tax credit and the individual development account tax credit. Removes a reference to an obsolete tax.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Engrossed Senate Bill (H)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0260/SB0260.03.ENGS.pdf)
2. **Enrolled Senate Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0260/SB0260.05.ENRH.pdf)
3. **Introduced Senate Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0260/SB0260.01.INTR.pdf)
4. **Senate Bill (S)** (committee substitute) — [source](https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0260/SB0260.04.COMH.pdf)

## Votes

- SB 260 - Manning — **91–0** (pass) · lower
- SB 260 - Becker — **48–0** (pass) · upper
- SB 260 - Becker - 3rd Reading — **48–0** (pass) · upper
- SB 260 - Manning - 3rd Reading — **95–0** (pass) · lower

## Sponsors

- Ethan Manning — primary (person)
- Jean Leising — primary (person)
- Vaneta Becker — primary (person)
- Cindy Ledbetter — cosponsor (person)
- Gregory Porter — cosponsor (person)
- James Tomes — coauthor (person)
- Justin Moed — cosponsor (person)
- Lonnie Randolph — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-16** Authored by Senator Becker
- **2024-01-16** First reading: referred to Committee on Tax and Fiscal Policy `reading-1, referral-committee`
- **2024-01-30** Committee report: do pass, adopted `committee-passage`
- **2024-02-01** Second reading: amended, ordered engrossed `reading-2`
- **2024-02-01** Senator Randolph added as coauthor
- **2024-02-01** Amendment #1 (Baldwin) prevailed; voice vote `amendment-passage`
- **2024-02-05** Senator Tomes added as coauthor
- **2024-02-05** House sponsor: Representative Manning
- **2024-02-05** Cosponsor: Representative Ledbetter
- **2024-02-05** Third reading: passed; Roll Call 113: yeas 48, nays 0 `passage, reading-3, reading-3`
- **2024-02-05** Senator Leising added as second author
- **2024-02-06** Referred to the House `referral`
- **2024-02-12** First reading: referred to Committee on Ways and Means `reading-1, referral-committee`
- **2024-02-20** Representative Porter added as cosponsor
- **2024-02-22** Committee report: amend do pass, adopted `committee-passage`
- **2024-02-26** Second reading: ordered engrossed `reading-2`
- **2024-02-27** Representative Moed added as cosponsor
- **2024-02-28** Motion to concur filed `filing`
- **2024-02-27** Third reading: passed; Roll Call 235: yeas 95, nays 0 `passage, reading-3, reading-3`
- **2024-02-28** Returned to the Senate with amendments `receipt`
- **2024-02-29** Senate conferees appointed: Becker and Randolph Lonnie M
- **2024-02-29** Senate dissented from House amendments
- **2024-02-29** Motion to dissent filed `filing`
- **2024-02-29** Concurrence withdrawn `withdrawal`
- **2024-02-29** Senate advisors appointed: Hunley and Leising
- **2024-02-29** House conferees appointed: Manning and Porter
- **2024-02-29** House advisors appointed: Ledbetter, Clere and Klinker
- **2024-03-06** CCR # 1 filed in the Senate `filing`
- **2024-03-06** CCR # 1 filed in the House `filing`
- **2024-03-06** Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 308: yeas 91, nays 0
- **2024-03-07** Conference Committee Report 1: adopted by the Senate; Roll Call 301: yeas 48, nays 0
- **2024-03-08** Signed by the President Pro Tempore `passage`
- **2024-03-11** Signed by the Speaker `passage`
- **2024-03-12** Signed by the President of the Senate `passage`
- **2024-03-13** Public Law 124 `became-law`
- **2024-03-13** Signed by the Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/463f2376-773c-4243-85aa-b955db4e7123`. Confidence: reported (aggregated from official Indiana legislature records).