SB 401

  • Indiana Senate Bill
  • 2022 Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Business matters.

Abstract

Establishes the young entrepreneurs program within the business division of the secretary of state. Allows the secretary of state to adopt rules to carry out the young entrepreneurs program. Expands the meaning of "qualified Indiana investment fund" to include certain additional types of funds. Provides that the Indiana economic development corporation (corporation) may certify a fund only if the fund invests based on certain policy criteria. Provides a maximum tax credit for qualified investment funds dedicated to supporting underserved businesses. Specifies conditions under which the corporation may use discretionary funds to make additional awards of credit after it has awarded the maximum amount of credits for a particular calendar year.

Bill Sponsors (2)

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Jan 27, 2022

Senate

Senator Perfect added as second author

Jan 12, 2022

Senate

Authored by Senator Houchin

Senate

First reading: referred to Committee on Commerce and Technology

  • Reading-1
  • Referral-Committee
commerce and technology

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0401.01.INTR.FN001 PDF

Sources

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