IN SB0271 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Passed on May 1 2023 - 100% progression
Action: 2023-05-01 - Public Law 105
Text: Latest bill text (Enrolled) [PDF]

Summary

Certified technology parks. Specifies additional information that a certified technology park (park) is required to provide to the Indiana economic development corporation (corporation) in the course of a review. Provides that if a park has reached the limit on deposits and maintains its certification, the park shall become a Level 2 park. Increases, from $100,000 to $250,000, the annual additional incremental income tax deposit amount that a park captures once it has reached its limit on deposits. Clarifies the calculation of the additional incremental income tax deposit amount in the year in which a park reaches its limit on deposits. Provides that when the corporation certifies a Level 2 park, the corporation shall make a determination of whether the park shall continue to be designated as a Level 2 park. Requires the corporation to report to the budget committee certain information pertaining to businesses located in each park on a biennial basis.

Tracking Information

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Title

Certified technology parks.

Sponsors


Roll Calls

2023-04-10 - Senate - Senate - Senate concurred in House amendments (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]
2023-04-04 - House - House - Third reading (Y: 96 N: 0 NV: 1 Abs: 3) [PASS]
2023-01-31 - Senate - Senate - Third reading (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2023-05-01SenatePublic Law 105
2023-05-01SenateSigned by the Governor
2023-04-26SenateSigned by the President of the Senate
2023-04-21HouseSigned by the Speaker
2023-04-13SenateSigned by the President Pro Tempore
2023-04-10SenateSenate concurred in House amendments; Roll Call 352: yeas 48, nays 0
2023-04-06SenateMotion to concur filed
2023-04-05HouseReturned to the Senate with amendments
2023-04-04HouseThird reading: passed; Roll Call 353: yeas 96, nays 0
2023-04-04HouseRepresentative Pierce M added as cosponsor
2023-04-03HouseSecond reading: ordered engrossed
2023-03-30HouseCommittee report: amend do pass, adopted
2023-03-14HouseRepresentatives Rowray E and Heine added as cosponsors
2023-02-28HouseFirst reading: referred to Committee on Ways and Means
2023-02-02SenateReferred to the House
2023-01-31SenateSenator Randolph added as coauthor
2023-01-31SenateHouse sponsor: Representative Snow
2023-01-31SenateThird reading: passed; Roll Call 50: yeas 49, nays 0
2023-01-30SenateSecond reading: amended, ordered engrossed
2023-01-30SenateAmendment #1 (Melton) prevailed; voice vote
2023-01-23SenateSenator Holdman added as second author
2023-01-23SenateCommittee report: amend do pass, adopted
2023-01-11SenateFirst reading: referred to Committee on Appropriations
2023-01-11SenateAuthored by Senator Buchanan

Subjects


Indiana State Sources


Bill Comments

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