IN SB0050 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 4 2021 - 25% progression
Action: 2021-01-11 - Senator Walker K added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Venture capital investment tax credit. Provides that debt from qualified investment capital must be for a repayment term of at least 12 months. Clarifies that the Indiana economic development corporation (IEDC) shall certify businesses that are engaged in sectors not excluded by the statute from eligibility and that are determined by the IEDC to have the significant potential to meet the listed statutory criteria. Removes limitations on retail businesses for the qualified Indiana business certification by the IEDC.

Tracking Information

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Title

Venture capital investment tax credit.

Sponsors


History

DateChamberAction
2021-01-11SenateSenator Walker K added as coauthor
2021-01-04SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2021-01-04SenateAuthored by Senator Zay

Indiana State Sources


Bill Comments 750

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