Gov. Mitch Daniels, a Republican who opposes abortion, has not said whether he will sign the bill, the Indianapolis Star reported.
The anti-abortion bill passed both houses of the legislature easily last week. The House had to take a second vote because the Senate added the provision cutting off funds to Planned Parenthood.
"I believe that with passage of this legislation, we will become one of the most pro-life state in America, and I'll be proud of that," said Rep. Eric Turner, a Republican who wrote the bill.
The bill bans abortions after the 20th week of pregnancy. Doctors will have to tell women abortion can lead to infertility and that fetuses can feel pain at 20 weeks or earlier.
Planned Parenthood -- which receives about $3 million in state funding for services like providing birth control and screenings for sexually transmitted diseases and cancer -- said it will challenge the bill in court.
Among the bill's critics, Democratic state Sen. Vi Elliott said cutting funding for birth control could mean more abortions. The state might also lose millions of dollars in federal aid.