IN HB1048 | 2018 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 3 2018 - 25% progression, died in committee
Action: 2018-01-18 - Representatives Sullivan, Slager, Goodin added as coauthors
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2018 - 25% progression, died in committee
Action: 2018-01-18 - Representatives Sullivan, Slager, Goodin added as coauthors
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Tax credits. Establishes the regional development tax credit (credit). Allows a taxpayer to apply to the Indiana economic development corporation (IEDC) for the credit. Provides that a taxpayer is entitled to a credit against state tax liability if: (1) the taxpayer makes a qualified investment for the redevelopment or rehabilitation of real property that is vacant or underused; and (2) the qualified investment is approved by the IEDC. Specifies the factors that the IEDC shall consider in evaluating applications for a proposed qualified investment. Specifies that the credit is subject to an agreement entered into by the IEDC and the
Title
Tax credits. Establishes the regional development tax credit (credit). Allows a taxpayer to apply to the Indiana economic development corporation (IEDC) for the credit. Provides that a taxpayer is entitled to a credit against state tax liability if: (1) the taxpayer makes a qualified investment for the redevelopment or rehabilitation of real property that is vacant or underused; and (2) the qualified investment is approved by the IEDC. Specifies the factors that the IEDC shall consider in evaluating applications for a proposed qualified investment. Specifies that the credit is subject to an agreement entered into by the IEDC and the
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-01-18 | House | Representatives Sullivan, Slager, Goodin added as coauthors |
| 2018-01-03 | House | First reading: referred to Committee on Ways and Means |
| 2018-01-03 | House | Authored by Representative Lehman |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2018/bills/house/1048/details |
| Text | http://iga.in.gov/static-documents/2/2/4/1/224148e7/HB1048.01.INTR.pdf |
