Bill Text: IN HB1626 | 2019 | Regular Session | Introduced
Bill Title: Industrial recovery tax credit. Provides that a taxpayer is entitled each taxable year beginning after December 31, 2019, to an industrial recovery tax credit against the taxpayer's state tax liability for a qualified investment in a qualified community development entity. Provides that the credit is equal to 25% of the taxpayer's qualified investment in a qualified community development entity made during the taxable year.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-01-24 - First reading: referred to Committee on Ways and Means [HB1626 Detail]
Download: Indiana-2019-HB1626-Introduced.pdf