Fabio
96 lines
5.3 KiB
Markdown
96 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "Taxation of pass through entities."
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description: "Authorizes certain pass through entities to make an election to pay tax at the entity level based on each owner's aggregate share of adjusted gross income. Provides a refundable tax credit equal to the amount of tax paid by the electing entity with regard to the owner's share. Allows a credit for pass through entity taxes that are imposed by and paid to another state. Makes certain changes to provisions that apply to taxpayers who file a combined return for the financial institutions tax. Makes conforming changes for purposes of partnership audit and administrative adjustments."
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jurisdiction: "us/states/in"
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legislature: "Indiana General Assembly"
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session: "2023"
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identifier: "SB 2"
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citation: "Indiana SB 2 (2023)"
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classification: ["bill"]
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subjects: ["CORPORATIONS", "INCOME TAXES", "Adjusted Gross Income Taxes", "INCOME TAXES", "Exemptions"]
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status: "enacted"
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primary_sponsors: ["Chris Garten", "Craig Snow", "Scott Baldwin"]
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version_count: 4
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action_count: 25
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vote_count: 1
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first_action: "2023-01-09"
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last_action: "2023-02-22"
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source: "openstates"
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source_identifier: "ocd-bill/f4dfaf09-757c-491f-8ea9-12d0a803416f"
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source_url: "http://iga.in.gov/legislative/2023/bills/senate/2"
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source_hash: "b1fbe47bfdabeaef8b6204a43d1918b8216fa3d88fe58758b95aa0bbe4a30c99"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-in"]
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---
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# Indiana SB 2 (2023) — Taxation of pass through entities.
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Authorizes certain pass through entities to make an election to pay tax at the entity level based on each owner's aggregate share of adjusted gross income. Provides a refundable tax credit equal to the amount of tax paid by the electing entity with regard to the owner's share. Allows a credit for pass through entity taxes that are imposed by and paid to another state. Makes certain changes to provisions that apply to taxpayers who file a combined return for the financial institutions tax. Makes conforming changes for purposes of partnership audit and administrative adjustments.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0002/versions/SB0002.04.ENRH)
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2. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0002/versions/SB0002.01.INTR)
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3. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0002/versions/SB0002.03.COMH)
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4. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0002/versions/SB0002.02.COMS)
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## Votes
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- SB 2 - Baldwin - 3rd Reading — **48–0** (pass) · upper
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## Sponsors
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- Chris Garten — primary (person)
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- Craig Snow — primary (person)
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- Scott Baldwin — primary (person)
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- Brian Buchanan — coauthor (person)
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- Edward DeLaney — cosponsor (person)
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- Fady Qaddoura — coauthor (person)
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- Gregory Porter — cosponsor (person)
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- Jeffrey Thompson — cosponsor (person)
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- Jon Ford — coauthor (person)
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- Kyle Walker — coauthor (person)
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- Linda Rogers — coauthor (person)
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- Lonnie Randolph — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-01-09** Authored by Senators Baldwin, Garten, Holdman
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- **2023-01-09** First reading: referred to Committee on Tax and Fiscal Policy `reading-1, referral-committee`
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- **2023-01-23** Senators Ford Jon, Rogers, Walker K added as coauthors
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- **2023-01-30** Senator Holdman removed as third author
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- **2023-01-31** Committee report: amend do pass, adopted `committee-passage`
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- **2023-01-31** Senator Qaddoura added as coauthor
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- **2023-01-31** Senator Randolph added as coauthor
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- **2023-02-02** Second reading: ordered engrossed `reading-2`
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- **2023-02-02** Senator Buchanan added as coauthor
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- **2023-02-06** Third reading: passed; Roll Call 61: yeas 48, nays 0 `passage, reading-3, reading-3`
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- **2023-02-06** House sponsor: Representative Snow
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- **2023-02-06** Cosponsor: Representative Thompson
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- **2023-02-07** Referred to the House `referral`
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- **2023-02-07** First reading: referred to Committee on Ways and Means `reading-1, referral-committee`
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- **2023-02-14** Committee report: do pass, adopted `committee-passage`
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- **2023-02-16** Amendment #1 (Porter) failed; Roll Call 144: yeas 28, nays 64 `amendment-failure, failure`
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- **2023-02-16** Second reading: ordered engrossed `reading-2`
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- **2023-02-20** Signed by the Speaker `passage`
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- **2023-02-20** Signed by the President Pro Tempore `passage`
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- **2023-02-20** Signed by the President of the Senate `passage`
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- **2023-02-20** Third reading: passed; Roll Call 151: yeas 98, nays 0 `passage, reading-3, reading-3`
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- **2023-02-20** Returned to the Senate without amendments `receipt`
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- **2023-02-20** Representatives DeLaney and Porter added as cosponsors
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- **2023-02-22** Signed by the Governor `executive-signature`
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- **2023-02-22** Public Law 1 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f4dfaf09-757c-491f-8ea9-12d0a803416f`. Confidence: reported (aggregated from official Indiana legislature records).
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