IN SB0143 | 2012 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Enrolled on February 27 2012 - 75% progression, died in chamber
Action: 2012-03-01 - House advisors appointed: Turner, Crouch, Klinker and Goodin
Text: Latest bill text (Engrossed) [HTML]

Summary

Provides for an automatic refundable tax credit to Indiana residents when the state has excess reserves of at least $20,000,000. Transfers any part of the excess reserves that are not needed to provide tax credits to the pension stabilization fund. Provides that beginning in 2013: (1) the office of management and budget shall calculate, after the end of each odd- numbered state fiscal year, the total amount of state reserves; and (2) the governor's presentation concerning the disposition of excess state reserves is conditioned upon the determination that the state reserves exceed 12% (instead of 10%) of the general revenue appropriations for the current state fiscal year. Permits augmentation of the appropriation for full-day kindergarten. Changes the amount distributed per child.

Tracking Information

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Title

State fiscal matters.

Sponsors


Roll Calls

2012-02-27 - House - House - Third reading: passed (Y: 97 N: 2 NV: 1 Abs: 0) [PASS]
2012-01-24 - Senate - Senate - Third reading: passed (Y: 36 N: 14 NV: 0 Abs: 0) [PASS]
2012-01-23 - Senate - Senate - Amendment 2 (Broden), failed (Y: 14 N: 36 NV: 0 Abs: 0) [FAIL]

History

DateChamberAction
2012-03-01 House advisors appointed: Turner, Crouch, Klinker and Goodin
2012-03-01 House conferees appointed: Espich and Crawford
2012-02-29 Senate advisor appointed: Charbonneau and Rogers
2012-02-29 Senate conferee appointed: Kenley and Broden
2012-02-29 Senate dissented from House amendments
2012-02-27 Returned to the Senate with amendments
2012-02-27 Third reading: passed; Roll Call 234: yeas 97, nays 2
2012-02-23 Amendment 1 (Day), ruled out of order
2012-02-23 Amendment 2 (VanDenburgh), ruled out of order
2012-02-23 Second reading: ordered engrossed
2012-02-20 Committee report: amend do pass, adopted
2012-01-31 First reading: referred to Committee on Ways and Means
2012-01-24 Cosponsor: Rep. Crawford
2012-01-24 House sponsor: Rep. Espich
2012-01-24 Referred to the House
2012-01-24 Third reading: passed; Roll Call 63: yeas 36 and nays 14
2012-01-23 Amendment 1 (Broden), failed; voice vote
2012-01-23 Amendment 2 (Broden), failed; Roll Call 50: yeas 14, nays 36
2012-01-23 Second reading: ordered engrossed
2012-01-20 Senator Charbonneau added as second author
2012-01-19 Committee report: amend do pass, adopted
2012-01-04 First reading: referred to Committee on Appropriations
2012-01-04 Authored by Senator Kenley

Indiana State Sources


Bill Comments

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