IN HB1297 | 2015 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
New markets tax credit. Provides for an Indiana new markets tax credit against state taxes for investments in qualified community development entities that is similar to the federal new markets tax credit. Provides that the Indiana economic development corporation (IEDC) may not approve more than $80,000,000 of qualified equity investments each state fiscal year. Requires the IEDC to submit an annual report on the Indiana new markets tax credit to the budget committee.
Title
New markets tax credit. Provides for an Indiana new markets tax credit against state taxes for investments in qualified community development entities that is similar to the federal new markets tax credit. Provides that the Indiana economic development corporation (IEDC) may not approve more than $80,000,000 of qualified equity investments each state fiscal year. Requires the IEDC to submit an annual report on the Indiana new markets tax credit to the budget committee.
Sponsors
| Rep. Gerald Torr [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-13 | House | First Reading: referred to Committee on Ways and Means |
| 2015-01-13 | House | Authored by Representative Torr |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2015/bills/house/1297/details |
| Text | http://iga.in.gov/static-documents/6/0/5/8/60581332/HB1297.01.INTR.pdf |
