IN HB1544

Establishes the Indiana Motorsports Commission as a separate body corporate to finance and lease property improvements for qualified motorsports facilities, with a five-member board led by the budget director.

Creates a Motorsports Investment District with a dedicated fund receiving up to $5 million annually for up to 22 years, with tax credits based on incremental income taxes, gross retail taxes, and admissions fees generated within the district.

Authorizes the Indiana Finance Authority to issue bonds (maturing within 20 years) to finance improvements at qualified motorsports facilities, secured by lease payments from the commission and backed by parent company guarantees.

Imposes a 2-6% admissions fee on race day tickets at qualified motorsports facilities, deposited in the state general fund, expiring when bonds are paid off or tax credits reach appropriation levels.

Clarifies Indiana income tax sourcing for motorsports racing participants by attributing purses and prize money to Indiana when earned there, and apportioning team member compensation based on duty days spent in Indiana.