Legislative ROI
Your 2024 Legislative Return on Investment
The Indiana Chamber’s lobbying efforts at the Statehouse greatly impact your bottom line. In 2024, the Chamber’s work yielded savings of $3.871 billion for Hoosier businesses OR $1,361 per employee.
The Chamber staunchly opposed measure that would have cost businesses statewide billions of dollars in higher health care expenses. We also supported legislation to enhance access to childcare and opposed potential obstacles in the employer-employee relationship. As always, the Chamber advocated for and achieved public policy victories that will have a lasting positive impact on the state’s economy and residents.
Specific savings are listed below by bill and subject matter, in total and per employee.
Business Savings
$3.871 billion or $1,361 per employee
Employment Law
Defeated – Excessive minimum wage increases (HB 1323): $137 million; $48.16/employee
Defeated – Increased unemployment benefits (SB 100): $55.8 million; $19.61/employee
Energy and Environment
Underground petroleum storage tank decommissioning (HB 1242): $20 million; $7.03/employee
Health Care
Defeated – Elimination of prior authorization for commercial payers (SB 3): $3.38 billion; $1,189.00/employee
Tax and Public Finance
Revert unused fund balances to the General Fund (SB 4): $250 million; $87.87/employee
Savings from extending the cap on school operating referenda (HB 1120): $11.4 million; $3.99/employee
Elimination of the transaction threshold in determining economic nexus (SB 228): $7.0 million; $2.46/employee
Reduction in penalties for late filing personal property tax returns (HB 1328): $3.8 million; $1.34/employee
Expansion of the sales tax exemption on utility service (SB 228): $0.2 million; $0.07/employee
Workforce Development
Expansion of education savings accounts eligibility (HB 1001): $3.3 million; $1.16/employee
Business Law
Stiffer penalties for rejecting a qualified settlement offer (SB 226): Indeterminable*
Expansion of lawsuit lending protections (HB 1160): Indeterminable*
Admissibility of seat belt use (HB 1090): Indeterminable*
*Financial impacts to business are indeterminable. The total savings is based on the number of cases and limited by the facts in each case.
Total Savings for Indiana Businesses: $3.871 billion
Total Savings Per Employee: $1,361
10 employees = savings of $13,606.94
25 employees = savings of $34,017.34
50 employees = savings of $68,034.68
100 employees = savings of $136,069.36
200 employees = savings of $272,138.71
500 employees = savings of $680,346.78
IMPORTANT NOTES: Business impact calculations are based on fiscal impact estimates of the Legislative Services Agency, independent studies, other available data and research materials, and Indiana Chamber analysis. Business impact per employee is calculated by using the estimated number of employed non-government workers statewide in February 2024 (2,845,200).
