Shane Lindauer
- Republican
- Representative
- District 63
Author
Provides a mine reclamation tax credit (credit), retroactive beginning January 1, 2023, for a taxpayer that enters into an agreement with the Indiana economic development corporation (corporation) for a qualified investment for development of property located on reclaimed coal mining land. Provides that the amount of a credit that a taxpayer receives in a taxable year may not exceed the lesser of: (1) the taxpayer's qualified investment multiplied by 30%; or (2) $5,000,000. Provides that the aggregate amount of tax credits allowed may not exceed $25,000,000 over the five year period that the credit is available. Provides for the assignment of the credit by a taxpayer to certain lessees. Provides that a taxpayer is not entitled to the credit if the corporation determines that the taxpayer has substantially reduced or ceased its operations in Indiana in order to relocate them within the mine reclamation site. Provides that the tax credit expires December 31, 2027.
Signed by the Governor
Public Law 214
Signed by the Speaker
Signed by the President Pro Tempore
Signed by the President of the Senate
Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 507: yeas 48, nays 1
CCR # 1 filed in the House
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 518: yeas 94, nays 0
CCR # 1 filed in the Senate
House advisors appointed: Heaton, Borders and Pfaff
House conferees appointed: Lindauer and Pryor
Senate advisors appointed: Melton and Ford Jon
Senate conferees appointed: Messmer and Qaddoura
House dissented from Senate amendments
Returned to the House with amendments
Motion to dissent filed
Third reading: passed; Roll Call 339: yeas 49, nays 0
Second reading: ordered engrossed
Committee report: amend do pass, adopted
First reading: referred to Committee on Tax and Fiscal Policy
Referred to the Senate
Third reading: passed; Roll Call 117: yeas 94, nays 0
Senate sponsors: Senators Messmer and Ford Jon
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Representatives Heaton, Morrison, Borders added as coauthors
First reading: referred to Committee on Ways and Means
Authored by Representative Lindauer
| Bill Text Versions | Format |
|---|---|
| Introduced House Bill (H) | |
| House Bill (H) | |
| House Bill (S) | |
| Enrolled House Bill (H) |
| Document | Format |
|---|---|
| Fiscal Note: HB1106.04.ENRS.FN001 |
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