Indiana House Bill 1604 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-02-02 - Representatives Sullivan and Stemler added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Venture capital tax credits. Increases the maximum amount of tax credits available under the venture capital investment tax credit for the provision of qualified investment capital to a particular qualified Indiana business to be the lesser of: (1) the total amount of qualified investment capital provided to the qualified business multiplied by 25%; or (2) $1,500,000; for calendar years after 2015. Removes a provision that prohibits a taxpayer from being entitled to a credit for providing qualified investment capital to a qualified Indiana business after December 31, 2016. Increases the total amount of tax credits that may be approved by

Venture capital tax credits. Increases the maximum amount of tax credits available under the venture capital investment tax credit for the provision of qualified investment capital to a particular qualified Indiana business to be the lesser of: (1) the total amount of qualified investment capital provided to the qualified business multiplied by 25%; or (2) $1,500,000; for calendar years after 2015. Removes a provision that prohibits a taxpayer from being entitled to a credit for providing qualified investment capital to a qualified Indiana business after December 31, 2016. Increases the total amount of tax credits that may be approved by

Rep. Ben Smaltz [R]

Rep. David Ober [R]

Rep. Holli Sullivan [R]

Rep. Steven Stemler [D]

Date	Chamber	Action
2015-02-02	House	Representatives Sullivan and Stemler added as coauthor
2015-01-20	House	First Reading: referred to Committee on Ways and Means
2015-01-20	House	Coauthored by Representative Ober
2015-01-20	House	Authored by Representative Smaltz

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/house/1604/details
Text	http://iga.in.gov/static-documents/1/e/5/d/1e5d48f0/HB1604.01.INTR.pdf