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]
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.
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]
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
Date | Chamber | Action |
---|---|---|
2022-03-15 | Senate | Public Law 135 |
2022-03-15 | Senate | Signed by the Governor |
2022-03-15 | Senate | Signed by the President of the Senate |
2022-03-09 | House | Signed by the Speaker |
2022-03-09 | Senate | Signed by the President Pro Tempore |
2022-03-08 | House | Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22 |
2022-03-08 | Senate | Senator Randolph added as coauthor |
2022-03-08 | Senate | Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0 |
2022-03-08 | House | CCR # 1 filed in the House |
2022-03-08 | Senate | CCR # 1 filed in the Senate |
2022-03-07 | Senate | Senator Melton added as coauthor |
2022-03-03 | Senate | Senator Niezgodski added as advisor |
2022-03-03 | Senate | Senator Melton added as conferee |
2022-03-03 | Senate | Senator Niezgodski removed as conferee |
2022-03-03 | Senate | Senator Melton removed as advisor |
2022-03-02 | House | House advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter |
2022-03-02 | House | House conferees appointed: Brown T and Hamilton |
2022-03-02 | Senate | Senate advisors appointed: Holdman and Melton |
2022-03-02 | Senate | Senate conferees appointed: Mishler and Niezgodski |
2022-03-01 | Senate | Senate dissented from House amendments |
2022-03-01 | Senate | Motion to dissent filed |
2022-03-01 | House | Returned to the Senate with amendments |
2022-02-28 | House | Third reading: passed; Roll Call 300: yeas 69, nays 27 |
2022-02-24 | House | Amendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64 |
2022-02-24 | House | Amendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64 |
2022-02-24 | House | Amendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67 |
2022-02-24 | House | Amendment #13 (Judy) prevailed; voice vote |
2022-02-24 | House | Amendment #12 (Thompson) prevailed; voice vote |
2022-02-24 | House | Appeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28 |
2022-02-24 | House | Amendment #6 (Hamilton) ruled out of order |
2022-02-24 | House | Amendment #9 (Heine) prevailed; voice vote |
2022-02-24 | House | Amendment #10 (Brown T) prevailed; voice vote |
2022-02-24 | House | Second reading: amended, ordered engrossed |
2022-02-22 | House | Committee report: amend do pass, adopted |
2022-02-08 | House | Representative Hamilton added as cosponsor |
2022-02-08 | House | First reading: referred to Committee on Ways and Means |
2022-02-02 | Senate | Referred to the House |
2022-02-01 | Senate | Cosponsors: Representatives Snow C and Jordan |
2022-02-01 | Senate | House sponsor: Representative Brown T |
2022-02-01 | Senate | Third reading: passed; Roll Call 182: yeas 48, nays 1 |
2022-02-01 | Senate | Senators Buck, Gaskill, Alting added as coauthors |
2022-02-01 | Senate | Senator Niezgodski added as third author |
2022-01-31 | Senate | Amendment #1 (Mishler) prevailed; voice vote |
2022-01-31 | Senate | Second reading: amended, ordered engrossed |
2022-01-31 | Senate | Senator Busch added as coauthor |
2022-01-27 | Senate | Committee report: amend do pass, adopted |
2022-01-24 | Senate | Senator Ford Jon added as coauthor |
2022-01-24 | Senate | Senator Holdman added as second author |
2022-01-11 | Senate | First reading: referred to Committee on Appropriations |
2022-01-11 | Senate | Authored by Senator Mishler |