HB 1545

Bill Subjects

Economic Development Generally Science And Technology Taxes Generally

Abstract

Provides that once a certified technology park reaches its cap, an additional amount equal to incremental income taxes shall be captured (not to exceed $500,000 annually or in the case of a certified technology park operated by two or more redevelopment commissions, $500,000 per redevelopment commission). (Currently, the additional deposit may not exceed $100,000.) Provides that an additional deposit in excess of a cap is applicable only to a certified technology park located in Crane, Indiana, or within a radius of five miles of a qualified military base.