SB 516

  • Indiana Senate Bill
  • 2025 Regular Session
  • Introduced in Senate
  • Passed Senate Feb 20, 2025
  • Passed House Apr 01, 2025
  • Signed by Governor May 01, 2025

Economic development.

Abstract

Establishes the office of entrepreneurship and innovation (office). Specifies the duties of the office. Transfers oversight responsibilities of certified technology parks from the Indiana economic development corporation (IEDC) to the office. Provides for the submission of an annual report of the activities of an innovation development district as to financial information pertaining to tax increment financing districts in an innovation development district to the: (1) fiscal body of the county, city, or town; and (2) department of local government finance. Provides that before the IEDC may purchase land in a county that in total exceeds 100 acres whether acquired in one transaction or a series of transactions, the IEDC must first give notice, in writing, to the board of county commissioners of the county in which the land is located (and to the mayor of a city if the land is located within a city) not later than 30 days before the closing date for the purchase or purchases. Requires the IEDC to provide to the budget committee a copy of the notice being provided to the local unit in which certain land is being purchased. Provides that if the IEDC extends an offer to one or more voting or nonvoting members of the budget committee to tour a potential economic development site that may receive state assistance in undertaking the project, the IEDC shall simultaneously extend the same offer to all voting and nonvoting members of the budget committee. Requires the governor to appoint the president of the IEDC, who shall serve at the pleasure of the governor and report to the secretary of commerce. (Under current law, the secretary of commerce is the president of the IEDC.) Repeals the statute that expires the central Indiana regional development authority.

Bill Sponsors (9)

Votes


Actions


May 01, 2025

Office of the Governor

Signed by the Governor

Senate

Public Law 145

Apr 23, 2025

Senate

Signed by the President of the Senate

Apr 22, 2025

House

Signed by the Speaker

Apr 17, 2025

Senate

Signed by the President Pro Tempore

Apr 16, 2025

Senate

Senate concurred with House amendments; Roll Call 467: yeas 41, nays 0

Apr 15, 2025

Senate

Senator Alting added as coauthor

Apr 07, 2025

Senate

Motion to concur filed

Apr 02, 2025

House

Returned to the Senate with amendments

Apr 01, 2025

House

Third reading: passed; Roll Call 348: yeas 87, nays 4

House

Representative Porter added as cosponsor

Mar 31, 2025

House

Second reading: ordered engrossed

House

Amendment #1 (DeLaney) failed; Roll Call 328: yeas 33, nays 57

Mar 27, 2025

House

Committee report: amend do pass, adopted

Mar 13, 2025

House

Representative O'Brien added as cosponsor

Mar 03, 2025

House

First reading: referred to Committee on Ways and Means

  • Reading-1
  • Referral-Committee
Ways and Means

Feb 21, 2025

Senate

Referred to the House

Feb 20, 2025

Senate

Cosponsor: Representative Teshka

Senate

Third reading: passed; Roll Call 209: yeas 49, nays 0

Senate

House sponsor: Representative Lopez

Feb 17, 2025

Senate

Senator Raatz added as second author

Senate

Second reading: amended, ordered engrossed

Senate

Amendment #1 (Goode) prevailed; voice vote

Feb 13, 2025

Senate

Senator Randolph added as coauthor

Senate

Committee report: amend do pass, adopted

Feb 06, 2025

Senate

Senator Ford J.D. added as coauthor

Senate

Committee report: amend do pass adopted; reassigned to Committee on Appropriations

  • Committee-Passage
  • Referral-Committee
Appropriations

Jan 16, 2025

Senate

First reading: referred to Committee on Commerce and Technology

  • Reading-1
  • Referral-Committee
Commerce and Technology

Senate

Authored by Senator Buchanan

Bill Text

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

Related Documents

Document Format
Fiscal Note: SB0516.06.ENRH.FN001 PDF

Sources

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