Indiana House Bill 1593 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 22 2019 - 25% progression, died in committee
Action: 2019-01-22 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Certified technology park funding. Changes the recertification period for certified technology parks from three years to four years. Provides that once a certified technology park reaches its cap, an additional amount equal to incremental income taxes shall be captured (not to exceed $500,000 annually or in the case of a certified technology park operated by two or more redevelopment commissions, $500,000 per redevelopment commission). Requires a redevelopment commission that has designated a third party manager or operator of a certified technology park to transfer to the manager or operator the amount owed within 30 days of receiving a distribution.

Certified technology park funding. Changes the recertification period for certified technology parks from three years to four years. Provides that once a certified technology park reaches its cap, an additional amount equal to incremental income taxes shall be captured (not to exceed $500,000 annually or in the case of a certified technology park operated by two or more redevelopment commissions, $500,000 per redevelopment commission). Requires a redevelopment commission that has designated a third party manager or operator of a certified technology park to transfer to the manager or operator the amount owed within 30 days of receiving a distribution.

Rep. Dave Heine [R]

Rep. Terri Jo Austin [D]

Date	Chamber	Action
2019-01-22	House	First reading: referred to Committee on Ways and Means
2019-01-22	House	Coauthored by Representative Austin
2019-01-22	House	Authored by Representative Heine

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/house/1593/details
Text	http://iga.in.gov/static-documents/f/7/c/2/f7c2dc60/HB1593.01.INTR.pdf