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Indiana State Legislative Update February 16, 2021

February 16, 2021 1:23 PM | Wendy Bayley (Administrator)


This past week saw significant committee work from both the Indiana House and Senate, as committees operated under impending timelines requiring them to submit reports by this week. The deadline for committee reports in the House is this Tuesday, Feb. 16, and the Senate deadline is this Thursday, Feb. 18, at which point all committee work for the first half of session must be concluded. The Indiana General Assembly marks a halfway point once third-reading deadlines have been reached in the House and Senate. Those dates are Feb. 22 and Feb. 23, respectively.

On Monday, Feb. 15, two important bills to the IMBA saw milestone legislative action take place. HB 1056, the bill correcting the confusion surrounding the recording issue from last session’s SEA 340, passed a third-reading vote in the Senate. The bill now moves to the desk of Gov. Eric Holcomb for action. In addition, SB 1, the Senate’s version of legislation addressing civil immunity related to COVID-19, passed a Senate concurrence 39-7 and now also moves to the governor’s desk for action.


SB 214 – Low-Income Housing

Sen. Travis Holdman (R-Markle)

Why it matters

The bill reinstates provisions that were removed in 2016 that created a property tax exemption for improvements on real property that are constructed, rehabilitated or acquired for the purpose of providing low-income housing. The original bill created a matching state tax credit to supplement the federal section 42 low-income housing tax credit. This language was amended out to include the new verbiage creating the property tax exemption.

Latest action

The bill passed the Senate Committee on Tax and Fiscal Policy on Feb. 9 by a vote of 11-0. The bill is now eligible for amendments on second reading.

Learn more about SB 214

SB 1 & HB 1002 – Civil Immunity Related to COVID-19

Sen. Mark Messmer (R-Jasper)

Rep. Jerry Torr (R-Carmel)

Why it matters
SB 1 is a broadly applied immunity bill for COVID-19 liability supported by a coalition of business trades and other individual entities. The House also has a bill that creates immunity from COVID-19 liability-related lawsuits. SB 1 differs from the House version of immunity in application, as SB 1 is more premise-based regarding immunity. The IMBA supports the general approach to provide immunity to businesses from COVID-19-related lawsuits.

Latest action
SB 1 passed third reading in the House on Feb. 11 by a vote of 72-21. The Senate filed a motion to concur with the changes in the House on Feb. 15 by a vote of 39-7. The bill will now head to Gov. Holcomb’s desk for consideration. HB 1002 has not been assigned to a Senate committee and is awaiting further action.

Learn more about SB 1

Learn more about HB 1002

HB 1056 – Recording Requirements

Rep. Jerry Torr (R-Carmel)

Why it matters
This bill is the “fix” to the second witness requirement to record instruments that arose from the interpretation of language change “or” to “and” in SEA 340 from the 2020 session. The bill also retroactively applies the language to all instruments recorded after July 1, 2020. The IMBA is in support of the legislation.

Latest action
The bill passed third reading in the Senate on Feb. 15 by a vote of 45-0. HB 1056 will now head to Gov. Holcomb’s desk for consideration.

Learn more about HB 1056

HB 1377 – Bureau of Motor Vehicles

Rep. Peggy Mayfield (R-Martinsville)

Why it matters

Among the changes this bill makes related to the Bureau of Motor Vehicles is a provision that creates a new version of the Indiana license that excludes the holder’s address. The no-address driver’s license would be optional and available at the request of the individual. This would place new burdens on the individual holding a no-address driver’s license related to securing certain banking products, as well as engagement in other activities.

Latest action

The bill passed the House Committee on Roads and Transportation by a vote of 10-1. It now is eligible for second-reading amendments.

Learn more about HB 1377

Contact Us:

@ Indiana Mortgage Bankers Association

19359 Alpine Drive

Lawrenceburg, IN  47025

Office: (812) 537-1003


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