IN SB0361 | 2022 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 10-4)
Status: Passed on March 15 2022 - 100% progression
Action: 2022-03-15 - Public Law 135
Text: Latest bill text (Enrolled) [PDF]

Summary

Economic development. Makes certain amendments to the Hoosier business investment tax credit, the economic development for a growing economy tax credit, the headquarters relocation tax credit, and the redevelopment tax credit. Adds veteran owned businesses to the list of businesses that would qualify for an enhanced venture capital tax credit. Limits the total amount of credits that the Indiana economic development corporation (IEDC) may award for a calendar year for all taxpayers for all applicable tax credits to $300,000,000. Specifies the procedure by which the IEDC may designate an area as an innovation development district (district). Requires the IEDC to enter into an agreement with the executive of a city, town, or county, or, if applicable, executives, with territory located in the district establishing the terms and conditions governing certain districts. Requires the IEDC to establish a local innovation development district fund for each district. Provides that money in a local innovation development district fund is continuously appropriated for the uses of the fund. Authorizes a county, city, or town to establish a workforce retention and recruitment program and fund (fund) for the purposes of recruiting and retaining individuals who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit, including providing incentives in the form of grants or loans to qualified workers. Authorizes the unit to transfer money into the fund from other sources. Provides that the executive of the unit shall administer the fund in coordination with a workforce fund board of managers appointed by the executive of the unit. Provides that the IEDC may award a tax credit for media production expenses for certain media productions in Indiana. Provides for the augmentation of the amount appropriated to the IEDC in an amount not to exceed $300,000,000 for the purposes of business promotion and innovation. Specifies that funds appropriated to the IEDC for the purposes of business promotion and innovation do not revert to the state general fund. Requires the IEDC to identify state laws and regulations that burden existing businesses or inhibit creation of new businesses and provide a report with recommendations to the general assembly and budget committee. Makes conforming changes.

Tracking Information

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Title

Economic development.

Sponsors


Roll Calls

2022-03-08 - House - House - Rules Suspended. Conference Committee Report 1 (Y: 70 N: 22 NV: 0 Abs: 8) [PASS]
2022-03-08 - Senate - Senate - Rules Suspended. Conference Committee Report 1 (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-28 - House - House - Third reading (Y: 69 N: 27 NV: 0 Abs: 4) [PASS]
2022-02-24 - House - House - Amendment #5 (DeLaney) failed (Y: 24 N: 64 NV: 3 Abs: 9) [FAIL]
2022-02-24 - House - House - Amendment #3 (Porter) failed (Y: 27 N: 64 NV: 3 Abs: 6) [FAIL]
2022-02-24 - House - House - Amendment #2 (Porter) failed (Y: 24 N: 67 NV: 2 Abs: 7) [FAIL]
2022-02-24 - House - House - Appeal the ruling of the chair (Hamilton) (Y: 64 N: 28 NV: 2 Abs: 6) [PASS]
2022-02-22 - House - House - Committee Vote (Y: 14 N: 8 NV: 0 Abs: 2) [PASS]
2022-02-01 - Senate - Senate - Third reading (Y: 48 N: 1 NV: 0 Abs: 0) [PASS]
2022-01-27 - Senate - Senate - Committee Vote (Y: 11 N: 1 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2022-03-15SenatePublic Law 135
2022-03-15SenateSigned by the Governor
2022-03-15SenateSigned by the President of the Senate
2022-03-09HouseSigned by the Speaker
2022-03-09SenateSigned by the President Pro Tempore
2022-03-08HouseRules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22
2022-03-08SenateSenator Randolph added as coauthor
2022-03-08SenateRules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0
2022-03-08HouseCCR # 1 filed in the House
2022-03-08SenateCCR # 1 filed in the Senate
2022-03-07SenateSenator Melton added as coauthor
2022-03-03SenateSenator Niezgodski added as advisor
2022-03-03SenateSenator Melton added as conferee
2022-03-03SenateSenator Niezgodski removed as conferee
2022-03-03SenateSenator Melton removed as advisor
2022-03-02HouseHouse advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter
2022-03-02HouseHouse conferees appointed: Brown T and Hamilton
2022-03-02SenateSenate advisors appointed: Holdman and Melton
2022-03-02SenateSenate conferees appointed: Mishler and Niezgodski
2022-03-01SenateSenate dissented from House amendments
2022-03-01SenateMotion to dissent filed
2022-03-01HouseReturned to the Senate with amendments
2022-02-28HouseThird reading: passed; Roll Call 300: yeas 69, nays 27
2022-02-24HouseAmendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64
2022-02-24HouseAmendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64
2022-02-24HouseAmendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67
2022-02-24HouseAmendment #13 (Judy) prevailed; voice vote
2022-02-24HouseAmendment #12 (Thompson) prevailed; voice vote
2022-02-24HouseAppeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28
2022-02-24HouseAmendment #6 (Hamilton) ruled out of order
2022-02-24HouseAmendment #9 (Heine) prevailed; voice vote
2022-02-24HouseAmendment #10 (Brown T) prevailed; voice vote
2022-02-24HouseSecond reading: amended, ordered engrossed
2022-02-22HouseCommittee report: amend do pass, adopted
2022-02-08HouseRepresentative Hamilton added as cosponsor
2022-02-08HouseFirst reading: referred to Committee on Ways and Means
2022-02-02SenateReferred to the House
2022-02-01SenateCosponsors: Representatives Snow C and Jordan
2022-02-01SenateHouse sponsor: Representative Brown T
2022-02-01SenateThird reading: passed; Roll Call 182: yeas 48, nays 1
2022-02-01SenateSenators Buck, Gaskill, Alting added as coauthors
2022-02-01SenateSenator Niezgodski added as third author
2022-01-31SenateAmendment #1 (Mishler) prevailed; voice vote
2022-01-31SenateSecond reading: amended, ordered engrossed
2022-01-31SenateSenator Busch added as coauthor
2022-01-27SenateCommittee report: amend do pass, adopted
2022-01-24SenateSenator Ford Jon added as coauthor
2022-01-24SenateSenator Holdman added as second author
2022-01-11SenateFirst reading: referred to Committee on Appropriations
2022-01-11SenateAuthored by Senator Mishler

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2022/bills/senate/361/details
Texthttp://iga.in.gov/static-documents/6/1/a/a/61aaa361/SB0361.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/8/3/9/a/839a7f2d/SB0361.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/9/b/a/6/9ba6e1cb/SB0361.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/a/5/b/b/a5bb399f/SB0361.02.COMS.pdf
Texthttp://iga.in.gov/static-documents/3/c/8/e/3c8e424b/SB0361.03.ENGS.pdf
Texthttp://iga.in.gov/static-documents/f/3/0/1/f301ae7e/SB0361.03.ENGS.pdf
Texthttp://iga.in.gov/static-documents/c/e/f/e/cefe926d/SB0361.04.COMH.pdf
Texthttp://iga.in.gov/static-documents/5/a/3/c/5a3c4cc6/SB0361.04.COMH.pdf
Texthttp://iga.in.gov/static-documents/d/8/f/9/d8f90eb6/SB0361.05.ENGH.pdf
Texthttp://iga.in.gov/static-documents/2/4/a/f/24afb624/SB0361.05.ENGH.pdf
Texthttp://iga.in.gov/static-documents/d/3/7/b/d37bbcf1/SB0361.06.ENRH.pdf
Amendmenthttp://iga.in.gov/static-documents/c/b/2/0/cb20b870/SB0361.02.COMS.AMS001.pdf
Amendmenthttp://iga.in.gov/static-documents/5/3/b/5/53b586b6/SB0361.02.COMS.AMS002.pdf
Amendmenthttp://iga.in.gov/static-documents/3/2/4/2/32421020/SB0361.04.COMH.AMH001.pdf
Amendmenthttp://iga.in.gov/static-documents/c/8/5/b/c85bee2c/SB0361.04.COMH.AMH002.pdf
Amendmenthttp://iga.in.gov/static-documents/f/6/c/4/f6c49311/SB0361.04.COMH.AMH003.pdf
Amendmenthttp://iga.in.gov/static-documents/b/4/4/8/b448bd78/SB0361.04.COMH.AMH004.pdf
Amendmenthttp://iga.in.gov/static-documents/a/0/b/c/a0bca096/SB0361.04.COMH.AMH005.pdf
Amendmenthttp://iga.in.gov/static-documents/d/a/e/9/dae99188/SB0361.04.COMH.AMH006.pdf
Amendmenthttp://iga.in.gov/static-documents/e/e/2/6/ee261830/SB0361.04.COMH.AMH007.pdf
Amendmenthttp://iga.in.gov/static-documents/c/9/8/e/c98e4234/SB0361.04.COMH.AMH008.pdf
Amendmenthttp://iga.in.gov/static-documents/b/c/7/2/bc72480e/SB0361.04.COMH.AMH009.pdf
Amendmenthttp://iga.in.gov/static-documents/3/7/5/f/375f5873/SB0361.04.COMH.AMH010.pdf
Amendmenthttp://iga.in.gov/static-documents/e/a/0/d/ea0d8a38/SB0361.04.COMH.AMH011.pdf
Amendmenthttp://iga.in.gov/static-documents/6/f/6/8/6f68ad4a/SB0361.04.COMH.AMH012.pdf
Amendmenthttp://iga.in.gov/static-documents/7/6/9/1/7691bbcc/SB0361.04.COMH.AMH013.pdf
Supplementhttp://iga.in.gov/static-documents/a/4/3/1/a431b9b7/SB0361.01.INTR.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/4/8/e/e/48ee5192/SB0361.01.INTR.CRS001.pdf
Supplementhttp://iga.in.gov/static-documents/2/f/8/2/2f82bca2/SB0361.02.COMS.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/9/d/0/b/9d0bcfae/SB0361.03.ENGS.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/e/5/9/b/e59b9edb/SB0361.03.ENGS.FN002.pdf
Supplementhttp://iga.in.gov/static-documents/d/1/3/b/d13bae24/SB0361.03.ENGS.CRH001.pdf
Supplementhttp://iga.in.gov/static-documents/a/d/1/f/ad1faa68/SB0361.04.COMH.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/5/0/1/f/501fadab/SB0361.05.ENGH.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/8/e/d/c/8edceb69/SB0361.05.ENGH.FN002.pdf
Supplementhttp://iga.in.gov/static-documents/9/b/2/1/9b217952/SB0361.05.ENGH.DIS01.pdf
Supplementhttp://iga.in.gov/static-documents/0/d/f/6/0df6d8e6/SB0361.06.ENRH.FN001.pdf
Roll Callhttp://iga.in.gov/static-documents/3/5/9/2/35927b39/SB0361.01.INTR.02.pdf
Roll Callhttp://iga.in.gov/static-documents/8/b/8/0/8b8014b0/SB0361.182_S.pdf
Roll Callhttp://iga.in.gov/static-documents/4/6/a/f/46affea8/SB0361.03.ENGS.00.pdf
Roll Callhttp://iga.in.gov/static-documents/8/8/5/6/8856208f/SB0361.278_H.pdf
Roll Callhttp://iga.in.gov/static-documents/e/7/3/2/e732aeee/SB0361.279_H.pdf
Roll Callhttp://iga.in.gov/static-documents/7/f/2/f/7f2f880e/SB0361.280_H.pdf
Roll Callhttp://iga.in.gov/static-documents/e/7/0/3/e703e028/SB0361.281_H.pdf
Roll Callhttp://iga.in.gov/static-documents/1/c/9/b/1c9b915b/SB0361.300_H.pdf
Roll Callhttp://iga.in.gov/static-documents/2/8/f/2/28f20684/SB0361.362_S.pdf
Roll Callhttp://iga.in.gov/static-documents/c/4/4/e/c44ea26e/SB0361.391_H.pdf

Bill Comments

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