Indiana Senate Bill 272 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 4 2012 - 25% progression, died in committee
Action: 2012-01-09 - Pursuant to Senate Rule 68(b); reassigned to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]

Provides that the department of state revenue may adjust the sales tax base period amount or the income tax base period amount of a certified technology park if an error was made in the computation of the sales tax base period amount or the income tax base period amount. Provides that a change in the sales tax incremental amount or the income tax incremental amount resulting from an adjustment in the sales base period amount or the income tax base period amount is retroactive to the later of: (1) the date on which the incorrect sales base period amount or income tax base period amount became effective; or (2) July 1 of the state fiscal year immediately preceding the state fiscal year in which a redevelopment commission submits a petition to the department of state revenue seeking a correction of the sales tax base period amount or the income tax base period amount.

Certified technology parks.

Sen. Timothy Lanane [D]

Date	Chamber	Action
2012-01-09		Pursuant to Senate Rule 68(b); reassigned to Committee on Tax and Fiscal Policy
2012-01-04		First reading: referred to Committee on Commerce & Economic Development
2012-01-04		Authored by Senator Lanane

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=SB&docno=0272
Text	http://www.in.gov/legislative/bills/2012/IN/IN0272.1.html