Indiana House Bill 1606 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-02-12 - Referred to the Committee on Ways and Means pursuant to House Rule 127
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]

Rural entrepreneurship area incentives. Permits the office of community and rural affairs (office) to designate an applicant rural county as a rural entrepreneurship area development incentives area (READI area). Provides for the distribution of adjusted gross income taxes paid annually by employees working in an area for a new business or paid annually by additional employees in an existing business and by the new business itself to the rural county for the development of new business opportunities in the rural county, including transfers to local or regional venture capital funds. Limits the amount that may be distributed to a particular

Rural entrepreneurship area incentives. Permits the office of community and rural affairs (office) to designate an applicant rural county as a rural entrepreneurship area development incentives area (READI area). Provides for the distribution of adjusted gross income taxes paid annually by employees working in an area for a new business or paid annually by additional employees in an existing business and by the new business itself to the rural county for the development of new business opportunities in the rural county, including transfers to local or regional venture capital funds. Limits the amount that may be distributed to a particular

Rep. Ben Smaltz [R]

Rep. Greg Beumer [R]

Rep. Matt Pierce [D]

2015-02-11 - House - House - Committee Vote (Y: 10 N: 0 NV: 0 Abs: 3) [PASS]

Date	Chamber	Action
2015-02-12	House	Referred to the Committee on Ways and Means pursuant to House Rule 127
2015-02-12	House	Committee report: amend do pass, adopted
2015-02-05	House	Representative Pierce added as coauthor
2015-01-20	House	First Reading: referred to Committee on Commerce, Small Business and Economic Development
2015-01-20	House	Coauthored by Representative Beumer
2015-01-20	House	Authored by Representative Smaltz

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/house/1606/details
Text	http://iga.in.gov/static-documents/8/e/3/1/8e314cda/HB1606.01.INTR.pdf
Text	http://iga.in.gov/static-documents/8/0/6/5/80650ef5/HB1606.01.INTR.pdf
Text	http://iga.in.gov/static-documents/9/7/7/a/977ade10/HB1606.02.COMH.pdf
Roll Call	http://iga.in.gov/static-documents/2/8/0/a/280acf35/HB1606.01.INTR.pdf