Indiana Senate Bill 50 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 4 2021 - 25% progression, died in committee
Action: 2021-01-11 - Senator Walker K added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Venture capital investment tax credit. Provides that debt from qualified investment capital must be for a repayment term of at least 12 months. Clarifies that the Indiana economic development corporation (IEDC) shall certify businesses that are engaged in sectors not excluded by the statute from eligibility and that are determined by the IEDC to have the significant potential to meet the listed statutory criteria. Removes limitations on retail businesses for the qualified Indiana business certification by the IEDC.

Venture capital investment tax credit.

Sen. Andy Zay [R]

Sen. Kyle Walker [R]

Date	Chamber	Action
2021-01-11	Senate	Senator Walker K added as coauthor
2021-01-04	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2021-01-04	Senate	Authored by Senator Zay

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/senate/50/details
Text	http://iga.in.gov/static-documents/5/7/b/a/57ba951c/SB0050.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/c/6/7/e/c67e9e82/SB0050.01.INTR.FN001.pdf