Local fiscal matters. Raises the acquisition cost threshold for purposes of the personal property tax exemption from $80,000 to $250,000. Limits the ability to seek an excess levy appeal to those units that have experienced a year over year population increase of 5% or more. Caps the allowable increase in the amount of property taxes first due and payable on a homestead in 2026, 2027, and 2028. Provides, beginning in 2027, that the office of the county assessor is an appointive office rather than an elective office. Specifies that the county executive shall appoint an individual to the office of the county assessor. Includes provisions to manage the conversion of the office of the county assessor to an appointive office upon the abolition of the office as an elective office.

Professional licensing. Removes the following licensing provisions: (1) hearing aid dealers; (2) auctioneers and auction companies; and (3) electrologists. Removes specific courses required for certain behavioral health licensure. Replaces specific courses required for certain behavioral health licensure with a requirement that the program be nationally accredited. Makes conforming changes.

Income tax credits. Provides that an individual who has federal adjusted gross income but no federal income tax liability in a taxable year is entitled to a 100% credit against the individual's state and local income tax liability.

Investment adviser representatives and agents. Requires an applicant seeking to register as an agent of a broker-dealer in Indiana to pass financial industry regulatory authority (FINRA) examinations unless certain exceptions apply. Requires an applicant seeking to register as an investment adviser representative in Indiana to pass FINRA examinations unless certain exceptions apply. Provides that under certain circumstances an agent of a broker-dealer or an investment adviser representative may have the validity of the individual's FINRA qualifying examinations extended. Requires an investment adviser representative to participate in a continuing education program.

Driving with suspended driving privileges. Specifies that the penalty for a operating a motor vehicle while under a lifetime forfeiture of driving privileges is: (1) a Level 6 felony, if the forfeiture occurred before July 1, 2015; and (2) a Level 5 felony, if the forfeiture occurred after June 30, 2015.

PFAS biosolids testing. Prohibits a person from applying biosolids, industrial waste products, or pollutant-bearing waters that contain a concentration of more than 100 parts per billion of one or more PFAS chemicals to land. Provides that a person that applies biosolids, industrial waste products, or pollutant-bearing water to land shall submit samples to the department of environmental management (department) for testing. Requires a person that applies biosolids, industrial waste products, or pollutant-bearing water to land to provide notice of the concentration of PFAS chemicals to all impacted landowners. Requires the department to test biosolids, industrial waste products, and pollutant-bearing water for PFAS chemicals. Requires the department to share data with different state agencies.

Judicial circuits. Establishes a judicial circuit for each township in Marion County. (Under the Constitution of the State of Indiana, a prosecuting attorney and circuit judge are required to be elected in each judicial circuit.) Makes conforming amendments.

Licensure of foreign trained physicians. Establishes a limited medical license for individuals who: (1) have graduated from certain international medical programs; (2) obtain a health care facility sponsor in an underserved area; and (3) meet certain other criteria. Provides that a limited medical license authorizes the recipient to practice medicine only at a health care facility in an underserved area. Enables the medical licensing board of Indiana (board) to revoke a limited medical license if the recipient stops working as a physician at a health care facility in an underserved area. Provides that a limited medical license may be converted to an unlimited license. Allows the board to require a comprehensive evaluation to determine the individual's competency before issuing an unlimited medical license. Allows, until June 30, 2027, an applicant for an unlimited license to practice osteopathic medicine to take all levels of the Comprehensive Osteopathic Medical Licensing Examination not later than ten years from the date the applicant first passes level 1 of the examination.

Human services matters. Provides that provisions of law concerning the statewide waiver ombudsman apply to an individual who has a disability and receives services administered by the bureau of disabilities services. (Current law specifies that these provisions apply to an individual who has a developmental disability and receives services under the federal home and community based services program.) Specifies that these provisions do not apply to an individual served by the long term care ombudsman program. Changes references from "statewide waiver ombudsman" to "statewide bureau of disabilities services ombudsman". Requires the office of the secretary of family and social services (office of the secretary) to prepare an annual report on the provision of Medicaid home and community based waiver services. Specifies the information that must be included in the report. Requires the division of disability and rehabilitative services advisory council to provide recommendations to the division of disability and rehabilitative services to ensure the delivery of appropriate high quality services to recipients. Requires the office of the secretary to provide to the division of disability and rehabilitative services advisory council reports on the office of the secretary's plans to provide services to individuals who require extraordinary care and specifies the timing of the reports.

Sentencing of aliens unlawfully present. Makes it a sentencing aggravator that the person is or has been an alien unlawfully present in the United States.

Tax credit for public school foundation. Provides a 25% state tax credit for contributions made to a public school foundation for taxable years beginning after December 31, 2025, and before January 1, 2028. Provides that the amount allowable as a credit in a taxable year may not exceed: (1) $1,000 in the case of an individual filing a single return or a corporation; or (2) $2,000 in the case of a married couple filing a joint return. Provides that the maximum amount of credits that may be awarded in a state fiscal year may not exceed $1,000,000.

Study of establishing a law school in northwest Indiana. Urges the legislative council to assign to an appropriate study committee the task of studying the feasibility of establishing a law school in northwest Indiana.

Alternative and nuclear energy generation. Requires: (1) a public utility to notify the Indiana utility regulatory commission (commission) of the public utility's intention to retire an electric generation facility not later than 18 months before the planned retirement date; and (2) the commission to conduct a study to determine the feasibility of using the location and infrastructure of the electric generation facility for development of alternative energy generation projects, including consideration of the suitability of the location and infrastructure for use in developing a nuclear energy facility.

Net metering for electricity generation. Amends the statute concerning distributed electricity generation as follows: (1) Repeals provisions requiring an electricity supplier's net metering tariff to remain available to customers until the earlier of: (A) January 1 of the first calendar year after the calendar year in which the aggregate amount of net metering facility nameplate capacity under the net metering tariff equals at least 1.5% of the electricity supplier's most recent summer peak load; or (B) July 1, 2022. (2) Repeals provisions requiring an electricity supplier to: (A) petition the Indiana utility regulatory commission (IURC) for a rate for the procurement of excess distributed generation produced by customers owning a distributed generation facility; and (B) credit, at the approved rate, customers for excess distributed generation supplied to the electricity supplier. (3) Provides that an electricity supplier's net metering tariff must be offered and remain available to customers at least until January 1 of the first calendar year after the calendar year in which the aggregate amount of net metering facility nameplate capacity under the net metering tariff equals at least 5% (versus 1.5% under current law) of the electricity supplier's most recent summer peak load. (4) Requires an electricity supplier to petition, before July 1, 2025, the IURC for approval of a new or amended net metering tariff that is subject to the following: (A) If the electricity supplier establishes a limit on the aggregate amount of net metering facility nameplate capacity made available for participation by customers under the net metering tariff, that minimum aggregate amount must be at least 5% of the most recent summer peak load of the electricity supplier. (B) Any limit on the aggregate amount of net metering facility nameplate capacity made available for participation by customers is subject to the reservation of: (i) at least 30% (versus 40% under current law) for participation by residential customers; and (ii) not more than 5% (versus 15% under current law) for participation by customers that install a net metering facility that uses organic waste biomass. (5) Provides that before July 1, 2025, the IURC shall make similar amendments to its net metering rules. (6) Provides that a customer that installs a net metering facility on the customer's premises before the net metering tariff of the customer's electricity supplier terminates under the bill's provisions shall continue to be served under the net metering tariff until the customer removes from the customer's premises or replaces the net metering facility. (Current law requires the customer to continue to be served under the net metering tariff until: (A) the customer removes or replaces the net metering facility; or (B) either July 1, 2032, or July 1, 2047, depending on the date of installation; whichever is earlier.) Specifies that any repairs, updates, or upgrades to portions of a net metering facility that do not increase the nameplate capacity of the net metering facility are not considered a replacement of the net metering facility for purposes of these provisions. (7) Makes conforming changes in other provisions of the statute. Adds a noncode provision that: (1) requires an electricity supplier to file, not later than July 1, 2025, a petition with the IURC for approval of a new or amended net metering tariff, as required under the bill; and (2) provides that upon the IURC's approval of the electricity supplier's new or amended net metering tariff: (A) the electricity supplier's excess distributed generation rate and tariff are no longer in effect; and (B) the electricity supplier's new or amended net metering tariff, as approved by the IURC, is in effect and available to the electricity supplier's customers.

Tax credit for contributions to qualified nonprofits. Provides a state tax credit (credit) for contributions made to a qualified nonprofit organization for taxable years beginning after December 31, 2025. Provides that the amount allowable as a credit in a taxable year is equal to the lesser of: (1) the total amount of the contributions made by the taxpayer to one or more qualified nonprofit organizations; or (2) 50% of the taxpayer's state tax liability. Provides that the maximum amount of credits that may be awarded in a state fiscal year may not exceed $1,000,000.