Indiana House Bill 1411 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 16 2018 - 25% progression, died in committee
Action: 2018-01-16 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

New markets healthy food access investment credit. Establishes a new markets healthy food access investment credit against state tax liability for investments made by a taxpayer in a qualified community development entity that then uses the proceeds of the investment exclusively to make investments in qualified active low income community businesses for projects that increase the availability of and capacity to supply fresh and nutritious food in a low income area. Specifies that the tax credit is equal to an applicable percentage multiplied by the purchase price of the qualified investment. Requires a qualified community development entity to pay a

New markets healthy food access investment credit. Establishes a new markets healthy food access investment credit against state tax liability for investments made by a taxpayer in a qualified community development entity that then uses the proceeds of the investment exclusively to make investments in qualified active low income community businesses for projects that increase the availability of and capacity to supply fresh and nutritious food in a low income area. Specifies that the tax credit is equal to an applicable percentage multiplied by the purchase price of the qualified investment. Requires a qualified community development entity to pay a

Rep. Robin Shackleford [D]

Date	Chamber	Action
2018-01-16	House	First reading: referred to Committee on Ways and Means
2018-01-16	House	Authored by Representative Shackleford

Type	Source
Summary	https://iga.in.gov/legislative/2018/bills/house/1411/details
Text	http://iga.in.gov/static-documents/c/2/b/4/c2b4d354/HB1411.01.INTR.pdf