Indiana House Bill 1501 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 18 2017 - 25% progression, died in committee
Action: 2017-01-18 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [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. Steven Davisson [R]

Date	Chamber	Action
2017-01-18	House	First reading: referred to Committee on Ways and Means
2017-01-18	House	Coauthored by Representative Davisson
2017-01-18	House	Authored by Representative Smaltz

Type	Source
Summary	https://iga.in.gov/legislative/2017/bills/house/1501/details
Text	http://iga.in.gov/static-documents/1/0/0/8/10088aed/HB1501.01.INTR.pdf