Introduced Version
SENATE BILL No. 297
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DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-3.1-36-11.5.
Synopsis: Film and media production tax credit. Provides that a
taxpayer may assign all or part of the taxpayer's film and media
production tax credit.
Effective: January 1, 2026.
Walker K, Busch, Holdman
January 13, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
2025 IN 297—LS 7254/DI 116 Introduced
First Regular Session of the 124th General Assembly (2025)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type. Also, the
word NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
between statutes enacted by the 2024 Regular Session of the General Assembly.
SENATE BILL No. 297
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 6-3.1-36-11.5 IS ADDED TO THE INDIANA
2 CODE AS A NEW SECTION TO READ AS FOLLOWS
3 [EFFECTIVE JANUARY 1, 2026]: Sec. 11.5. (a) The taxpayer may
4 assign all or part of the credit to which the taxpayer is entitled
5 under this chapter, subject to the limitations set forth in subsection
6 (b).
7 (b) The following apply to the assignment of a credit under this
8 chapter:
9 (1) A taxpayer may not assign all or part of a credit or credits
10 to a particular person in amounts that are less than ten
11 thousand dollars ($10,000).
12 (2) Before a credit may be assigned, the taxpayer must notify
13 the corporation of the assignment of the credit in the manner
14 prescribed by the corporation.
15 (3) An assignment of a credit must be in writing, and both the
16 taxpayer and assignee shall report the assignment on the
17 taxpayer's and assignee's state tax returns for the year in
2025 IN 297—LS 7254/DI 116 2
1 which the assignment is made, in the manner prescribed by
2 the department.
3 (4) Once a particular credit or credits are assigned, the
4 assignee may not assign all or part of the credit or credits to
5 another person.
6 (5) A taxpayer may not receive value in connection with an
7 assignment under this section that exceeds the value of that
8 part of the credit assigned.
2025 IN 297—LS 7254/DI 116