IN HB1005 | 2011 | Regular Session

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Passed on May 16 2011 - 100% progression
Action: 2011-05-16 - Effective retroactive to 01/01/2011
Text: Latest bill text (Enrolled) [HTML]

Summary

Makes certain changes to the industrial recovery tax credit (credit). Reduces, for purposes of qualifying for the credit: (1) the number of years, from 20 to 15, in which a vacant industrial facility must have been in service; and (2) from two years to one year the time that a facility must be vacant. Reduces the minimum amount of floor space that a vacant industrial facility may have to qualify for the credit from 250,000 square feet to: (1) 50,000 square feet, for taxable years beginning after December 31, 2010, and beginning before January 1, 2015; or (2) 100,000 square feet, for taxable years beginning after December 31, 2014.

Tracking Information

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Title

Industrial recovery tax credit.

Sponsors


Roll Calls

2011-04-29 - Senate - Senate - Conference committee report 1 : adopted by the Senate (Y: 48 N: 0 NV: 2 Abs: 0) [PASS]
2011-04-28 - House - House - Conference committee report 1 : adopted by the House (Y: 94 N: 0 NV: 3 Abs: 3) [PASS]
2011-04-19 - Senate - Senate - Third reading: passed (Y: 47 N: 0 NV: 1 Abs: 0) [PASS]
2011-02-15 - House - House - Third reading: passed (Y: 93 N: 0 NV: 3 Abs: 4) [PASS]
2011-02-14 - House - House - Amendment 1 (Battles), failed (Y: 37 N: 53 NV: 3 Abs: 7) [FAIL]

History

DateChamberAction
2011-05-16 Effective retroactive to 01/01/2011
2011-05-16 Public Law 113
2011-05-09 Signed by the Governor
2011-05-04 Signed by the President of the Senate
2011-04-29 Signed by the President Pro Tempore
2011-04-29 Signed by the Speaker
2011-04-29 Conference committee report 1 : adopted by the Senate; Roll Call 493: yeas 48, nays 0
2011-04-28 Conference committee report 1 : adopted by the House; Roll Call 695: yeas 94, nays 0
2011-04-28 Rules suspended
2011-04-28 Conference committee report 1 : filed in the House
2011-04-25 Senate advisors appointed: Hershman, Randolph and Grooms
2011-04-25 Senate conferees appointed: Charbonneau and Arnold
2011-04-21 House advisors appointed: Ellspermann, Espich and Battles
2011-04-21 House conferees appointed: Clere and Cheatham
2011-04-20 House dissented from Senate amendments
2011-04-19 Returned to the House with amendments
2011-04-19 Third reading: passed; Roll Call 395: yeas 47 and nays 0
2011-04-18 Second reading: ordered engrossed
2011-04-14 Committee report: amend do pass, adopted
2011-04-12 Senator Randolph added as cosponsor
2011-03-03 Senator Tomes added as cosponsor
2011-02-17 First reading: referred to Committee on Tax and Fiscal Policy
2011-02-15 Cosponsor: Senator Grooms
2011-02-15 Senate sponsors: Senators Charbonneau, Hershman and Arnold
2011-02-15 Referred to the Senate
2011-02-15 Third reading: passed; Roll Call 160: yeas 93, nays 0
2011-02-14 Amendment 1 (Battles), failed; Roll Call 138: yeas 37, nays 53
2011-02-14 Second reading: ordered engrossed
2011-02-10 Committee report: amend do pass, adopted
2011-01-27 Representative Cheatham added as coauthor
2011-01-12 First reading: referred to Committee on Commerce, Small Business and Economic Development
2011-01-12 Coauthored by Representatives Bosma and Yarde
2011-01-12 Authored by Representative Clere

Indiana State Sources


Bill Comments

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