SB 361

  • Indiana Senate Bill
  • 2022 Regular Session
  • Introduced in Senate
  • Passed Senate Feb 01, 2022
  • Passed House Feb 28, 2022
  • Signed by Governor Mar 15, 2022

Economic development.

Abstract

Makes certain amendments to the Hoosier business investment tax credit, the economic development for a growing economy tax credit, the headquarters relocation tax credit, and the redevelopment tax credit. Adds veteran owned businesses to the list of businesses that would qualify for an enhanced venture capital tax credit. Limits the total amount of credits that the Indiana economic development corporation (IEDC) may award for a calendar year for all taxpayers for all applicable tax credits to $300,000,000. Specifies the procedure by which the IEDC may designate an area as an innovation development district (district). Requires the IEDC to enter into an agreement with the executive of a city, town, or county, or, if applicable, executives, with territory located in the district establishing the terms and conditions governing certain districts. Requires the IEDC to establish a local innovation development district fund for each district. Provides that money in a local innovation development district fund is continuously appropriated for the uses of the fund. Authorizes a county, city, or town to establish a workforce retention and recruitment program and fund (fund) for the purposes of recruiting and retaining individuals who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit, including providing incentives in the form of grants or loans to qualified workers. Authorizes the unit to transfer money into the fund from other sources. Provides that the executive of the unit shall administer the fund in coordination with a workforce fund board of managers appointed by the executive of the unit. Provides that the IEDC may award a tax credit for media production expenses for certain media productions in Indiana. Provides for the augmentation of the amount appropriated to the IEDC in an amount not to exceed $300,000,000 for the purposes of business promotion and innovation. Specifies that funds appropriated to the IEDC for the purposes of business promotion and innovation do not revert to the state general fund. Requires the IEDC to identify state laws and regulations that burden existing businesses or inhibit creation of new businesses and provide a report with recommendations to the general assembly and budget committee. Makes conforming changes.

Bill Sponsors (14)

Votes


Actions


Mar 15, 2022

Senate

Public Law 135

Office of the Governor

Signed by the Governor

Senate

Signed by the President of the Senate

Mar 09, 2022

House

Signed by the Speaker

Senate

Signed by the President Pro Tempore

Mar 08, 2022

House

Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22

Senate

Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0

House

CCR # 1 filed in the House

Senate

CCR # 1 filed in the Senate

Senate

Senator Randolph added as coauthor

Mar 07, 2022

Senate

Senator Melton added as coauthor

Mar 03, 2022

Senate

Senator Melton removed as advisor

Senate

Senator Niezgodski added as advisor

Senate

Senator Melton added as conferee

Senate

Senator Niezgodski removed as conferee

Mar 02, 2022

House

House advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter

Senate

Senate advisors appointed: Holdman and Melton

House

House conferees appointed: Brown T and Hamilton

Senate

Senate conferees appointed: Mishler and Niezgodski

Mar 01, 2022

House

Returned to the Senate with amendments

Senate

Senate dissented from House amendments

Senate

Motion to dissent filed

Feb 28, 2022

House

Third reading: passed; Roll Call 300: yeas 69, nays 27

Feb 24, 2022

House

Amendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64

House

Amendment #10 (Brown T) prevailed; voice vote

House

Amendment #9 (Heine) prevailed; voice vote

House

Amendment #6 (Hamilton) ruled out of order

House

Amendment #12 (Thompson) prevailed; voice vote

House

Amendment #13 (Judy) prevailed; voice vote

House

Amendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67

House

Amendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64

House

Appeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28

House

Second reading: amended, ordered engrossed

Feb 22, 2022

House

Committee report: amend do pass, adopted

Feb 08, 2022

House

Representative Hamilton added as cosponsor

House

First reading: referred to Committee on Ways and Means

  • Reading-1
  • Referral-Committee
ways and means

Feb 02, 2022

Senate

Referred to the House

Feb 01, 2022

Senate

Senator Niezgodski added as third author

Senate

Senators Buck, Gaskill, Alting added as coauthors

Senate

Cosponsors: Representatives Snow C and Jordan

Senate

House sponsor: Representative Brown T

Senate

Third reading: passed; Roll Call 182: yeas 48, nays 1

Jan 31, 2022

Senate

Senator Busch added as coauthor

Senate

Second reading: amended, ordered engrossed

Senate

Amendment #1 (Mishler) prevailed; voice vote

Jan 27, 2022

Senate

Committee report: amend do pass, adopted

Jan 24, 2022

Senate

Senator Ford Jon added as coauthor

Senate

Senator Holdman added as second author

Jan 11, 2022

Senate

First reading: referred to Committee on Appropriations

  • Reading-1
  • Referral-Committee
appropriations

Senate

Authored by Senator Mishler

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF
Senate Bill (S) PDF
Engrossed Senate Bill (S) PDF
Senate Bill (H) PDF
Engrossed Senate Bill (H) PDF
Enrolled Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0361.06.ENRH.FN001 PDF

Sources

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