republic-os/legislation/us/states/in/2023/sb-46.md

---
type: "Bill"
title: "County option circuit breaker tax credit."
description: "Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a \"qualified individual\" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2023"
identifier: "SB 46"
citation: "Indiana SB 46 (2023)"
classification: ["bill"]
subjects: ["LOCAL GOVERNMENT", "PROPERTY TAXES", "Credits and Deductions"]
status: "enacted"
primary_sponsors: ["Brian Buchanan", "Jack Sandlin", "Julie McGuire", "Travis Holdman"]
version_count: 4
action_count: 25
vote_count: 1
first_action: "2023-01-09"
last_action: "2023-05-01"
source: "openstates"
source_identifier: "ocd-bill/8c14d814-a6f3-49d4-a691-2ef72af9f279"
source_url: "http://iga.in.gov/legislative/2023/bills/senate/46"
source_hash: "1f4fc8815a9be06072ad66b2175509a0e64f30a18b2b0262f376f4ce19e6168c"
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 46 (2023) — County option circuit breaker tax credit.

Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028.

## Version chain

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

1. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0046/versions/SB0046.04.ENRH)
2. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0046/versions/SB0046.01.INTR)
3. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0046/versions/SB0046.03.COMH)
4. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2023/bills/SB0046/versions/SB0046.02.COMS)

## Votes

- SB 46 - McGuire J - 3rd Reading — **96–1** (pass) · lower

## Sponsors

- Brian Buchanan — primary (person)
- Jack Sandlin — primary (person)
- Julie McGuire — primary (person)
- Travis Holdman — primary (person)
- Cherrish Pryor — cosponsor (person)
- Lonnie Randolph — coauthor (person)
- Philip GiaQuinta — cosponsor (person)
- Robert Behning — cosponsor (person)

## Timeline

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

- **2023-01-09** Authored by Senator Sandlin
- **2023-01-09** First reading: referred to Committee on Tax and Fiscal Policy `reading-1, referral-committee`
- **2023-01-17** Senator Holdman added as second author
- **2023-01-17** Senator Buchanan added as third author
- **2023-01-31** Committee report: amend do pass, adopted `committee-passage`
- **2023-01-31** Senator Randolph added as coauthor
- **2023-02-02** Second reading: ordered engrossed `reading-2`
- **2023-02-06** Third reading: passed; Roll Call 64: yeas 49, nays 0 `passage, reading-3, reading-3`
- **2023-02-06** House sponsor: Representative McGuire
- **2023-02-06** Cosponsor: Representative GiaQuinta
- **2023-02-07** Referred to the House `referral`
- **2023-02-23** Representative Behning added as cosponsor
- **2023-02-23** Representative Pryor added as cosponsor
- **2023-02-28** First reading: referred to Committee on Ways and Means `reading-1, referral-committee`
- **2023-03-30** Committee report: amend do pass, adopted `committee-passage`
- **2023-04-03** Second reading: ordered engrossed `reading-2`
- **2023-04-04** Third reading: passed; Roll Call 348: yeas 96, nays 1 `passage, reading-3, reading-3`
- **2023-04-05** Returned to the Senate with amendments `receipt`
- **2023-04-05** Motion to concur filed `filing`
- **2023-04-10** Senate concurred in House amendments; Roll Call 347: yeas 48, nays 0
- **2023-04-13** Signed by the President Pro Tempore `passage`
- **2023-04-21** Signed by the Speaker `passage`
- **2023-04-26** Signed by the President of the Senate `passage`
- **2023-05-01** Signed by the Governor `executive-signature`
- **2023-05-01** Public Law 95 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8c14d814-a6f3-49d4-a691-2ef72af9f279`. Confidence: reported (aggregated from official Indiana legislature records).