The full Senate will likely vote on the measure this week.
The Public Retirement System Board voted last summer to privatize annuity savings accounts offered to public employees and teachers.
Those in favor of more regulation for pseudoephedrine say similar actions in other states have significantly reduced meth labs and crime rates.
The Senate Republican plan calls for exemptions to the business personal property tax and a reduction of the state's corporate tax.
Our statehouse reporter breaks down the top issues facing lawmakers this session, immigration reform in Indiana and Greencastle Mayor Sue Murray.
All four state legislative leaders say an increased emphasis on providing early childhood education will be a key focus of the upcoming session.
LaPorte Representative Tom Dermody is the legislature's new Public Policy Committee Chairman, and the gambling industry is hopeful he can revive gaming.
Governor Mike Pence's 2014 legislative agenda includes a phase-out of the business personal property tax and a pre-K voucher program.
Republican Party Chairman Eric Holcomb and vice chair Sandi Huddleston plan to step down July 9.
The state collected $22 million more in revenue than expected in December.