The founding meeting of the Libertarian Party of Indiana was held on July 14, 1974 at the Holiday Inn at Weir Cook Airport (now called the Indianapolis International Airport). Approximately 20-25 people attended including Paul Hyatt, Tom Duncan, Marvin Lazaro, Brian Bernstein, Dick Smith, Steve Butterbaugh and Charlie Reisert. Reisert made the motion to start the Libertarian Party of Indiana. The first headquarters was located at 1430 N. Capitol Avenue in Indianapolis. The LPIN became a minor political party in 1994 after achieving ballot access when Steve Dillon received more than 2% of the vote running for Secretary of State.
The Libertarian Party of Indiana has continually earned ballot access since 1994. In 2008, the Libertarian presidential ticket of Bob Barr and Wayne Allyn Root had their strongest showing in Indiana receiving 1.1% of the vote (19,243 votes). On February 17, 2009, Indianapolis city councilmember Edward Coleman publicly announced that he had left the Republican Party and joined the Libertarian Party . The party's best finish in a statewide race came in 2006 when US Senate candidate Steve Osborn received about 13% of the vote. Osborn had the best result for a third party candidate running for the Senate in the 2006 elections.
The Libertarian Party of Indiana is the only party other than the Democrats and Republicans with ballot access in Indiana. Hoosier Libertarians have consistently earned ballot access since 1994. Hoosier Libertarians advocate smaller government while defending civil liberties. In the last decade, they have come to the defense of eminent domain victims, marched in opposition to property tax laws, fought for reduced small business licensing, and pursued fairness and transparency in our elections. Indiana Libertarians lobbied dozens of city and town councils across Indiana to allow property owners to make the decision on smoking on their property.
Current elected Indiana Libertarian officeholders
As of 2016, there are 8 Libertarian members who hold elected office in Indiana. 
1. Susan Bell: Town Judge, Hagerstown
2. Steve Coffman: Advisory Board, Liberty Township
3. Cheryl Heacox: Advisory Board, Clay Township
4. Dennis Denney: Town Council, Shirley, North Ward
5. Elizabeth Brewer: Clerk-Treasurer, Claypool
6. Larry Walters: Town Council, Dublin
7. Jessica Whitfield: Town Council, Larwill
8. Renee Sweeney: Town Council, Ossian
 His previous political experience includes attempted bids for the Democratic nomination for U.S. Representative in his home district in 2000 and 2002. Steve Osborn is from LaPorte, Indiana.
Paul Hager ran for the U.S. Representative in Indiana’s 8th district in 1994, 1996, and 1998. Also, he ran for US Senate in 2000. In 2002, he ran for Indiana’s Secretary of State on the issue of voting reform.
Steve Dasbach Chairman's Award for Extraordinary Service
Awarded to an individual that has helped grow the Libertarian Party of Indiana in extraordinary ways over many years. This award is not voted on by LPIN membership, and it is the sole privilege of the Chair of the LPIN to award it to the recipient.
^ abAuslen, Michael (January 19, 2011). "Lugar longest serving Ind. congressman". Retrieved 27 January 2014. In 2006, he ran against Libertarian Steve Osborn and won by a landslide 87.4 to 12.6 percent victory. The Democratic opponent, Jack Baldwin, was a write-in candidate and received only 294 votes.