The bill would allocate $5 million in tax revenue each year for the next 20 years to renovate the speedway.
The legislature considered bills on Sunday alcohol sales and the state's voucher program, while GOP leaders said they would not take up a ban on gay marriage.
The Commission on Children's Issues would oversee Indiana's 31 boards, commissions, committees and agencies that deal with children.
Republican lawmakers are wary about trying to pass a state constitutional amendment because the Supreme Court is scheduled to rule on a similar case this year.
Special education advocates urged state lawmakers Wednesday to adopt formal rules governing the use of seclusion and restraint in schools.
The bill would encourage schools to teach financial literacy skills such as investing, balancing a checkbook and applying for loans.
The legislation would provide grant money for children whose families' incomes are at 185 percent of the poverty level or less to go to preschool.
The legislature passed the ban last year, but police say they have had a hard time enforcing it.
Republican Senator Randy Head has introduced a bill to start a pilot program to encourage preschool reading programs.
One representative wants to establish a Neighborhood Revitalization Fund that will offer low-interest loans to remodel, rehab or purchase abandoned homes.