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Indiana State Legislative Update April 26, 2021

April 26, 2021 12:11 PM | Wendy Bayley (Administrator)


The Indiana General Assembly marked the end of session last Thursday – not with the traditional sine die adjournment, but rather with a long recess. Lawmakers granted extra time to session due to delays in receiving the federal census data needed to draw new legislative districts, a process that must occur every 10 years. The new timeline officially ends the 2021 Indiana legislative session by Nov. 15.  Once the census data is available and session resumes, it is expected that lawmakers will judicially limit activity to redistricting. Apart from the extension, almost all legislative activity occurred within the normal time frame for a budget year, concluding activity by the end of April.

Lawmakers worked long hours last week right up until the final bill – House Enrolled Act 1001, State Budget – was passed by both the House and Senate, marking the end to another successful session. Notably, HEA 1001 passed the House by a vote of 96-2 and the Senate by a vote of 46-3. This two-year operating budget appropriates more than $36 billion, and lawmakers anticipate that Indiana will end this two-year period with a reserve of over $2.8 billion. The budget bill included several items of significance to the industry, including a new main street economic development program (READI) modeled after the Regional Cities concept. This new program starts with a $500 million appropriation. In addition, the bill expanded the application of the Venture Capital Investment Tax Credit and its administration under the Indiana Economic Development Corp.

Please watch for the full IMBA Legislative Summary for the 2021 legislative session later this week. 

Contact Us:

@ Indiana Mortgage Bankers Association

19359 Alpine Drive

Lawrenceburg, IN  47025

Office: (812) 537-1003


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