Indiana HB1135 imposes a transfer tax on single family residences acquired by certain investors and establishes a housing down payment assistance.

HB1135 introduces a transfer tax equal to 50% of the fair market value for single family residences acquired by applicable taxpayers after December 31, 2026. It defines "applicable taxpayer" as entities managing investor funds and serving as fiduciaries. The bill also sets a maximum number of residences that can be owned by these taxpayers over time, with penalties for exceeding these limits.

Indiana HB1135 imposes a transfer tax on single family residences acquired by certain investors and establishes a housing down payment assistance.

HB1135 introduces a transfer tax equal to 50% of the fair market value for single family residences acquired by applicable taxpayers after December 31, 2026. It defines "applicable taxpayer" as entities managing investor funds and serving as fiduciaries. The bill also sets a maximum number of residences that can be owned by these taxpayers over time, with penalties for exceeding these limits.