Indiana Senate Bill 222 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 7-3)
Status: Engrossed on February 22 2011 - 50% progression, died in chamber
Action: 2011-04-04 - Representative Yarde added as cosponsor
Text: Latest bill text (Engrossed) [HTML]

Provides an income tax credit for expenditures made by a taxpayer for one or more of the following purposes: (1) Implementing homeland security measures to comply with federal homeland security requirements, as certified by the department of homeland security. (2) Making improvements to real property located in Indiana that are related to constructing a new or modernizing an existing transportation or logistical distribution facility. (3) Improving the transportation of goods by highway, rail, water, or air. (4) Making warehouse upgrades or improving logistical distribution. Requires the department of homeland security in consultation with the department of state revenue to adopt rules to implement a certification process for homeland security expenditures. Provides that the credit is 35% of the expenditures made by the taxpayer during the taxable year. Limits the credit that may be claimed for a taxable year to the taxpayer's state tax liability for that taxable year. Allows the taxpayer to carryover any unused credit for nine years. Provides that the credit may not be refunded, carried back, or transferred to another taxpayer.

Transportation and logistics tax credit.

Sen. James Arnold [D]	Sen. James Banks [R]	Sen. Vaneta Becker [R]	Sen. Ronald Grooms [R]
Sen. Brandt Hershman [R]	Sen. Timothy Lanane [D]	Sen. Allen Paul [R]	Sen. Earline Rogers [D]
Rep. Milo Smith [R]	Sen. Thomas Wyss [R]

2011-02-22 - Senate - Senate - Third reading: passed (Y: 46 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-04-04		Representative Yarde added as cosponsor
2011-04-04		Referred to Committee on Ways and Means pursuant to House Rule 127
2011-04-04		Committee report: amend do pass, adopted
2011-03-28		First reading: referred to Committee on Commerce, Small Business and Economic Development
2011-02-22		Cosponsor: Rep. Stemler
2011-02-22		House sponsor: Rep. Thompson
2011-02-22		Referred to the House
2011-02-22		Third reading: passed; Roll Call 189: yeas 46 and nays 2
2011-02-17		Second reading: ordered engrossed
2011-02-15		Committee report: amend do pass, adopted
2011-01-31		Senators Arnold, Becker, Grooms, Lanane, Paul, Rogers and Smith added as coauthors
2011-01-31		Committee report: amend do pass, reassigned to Committee on Tax and Fiscal Policy
2011-01-18		Senator Banks added as coauthor
2011-01-10		Pursuant to Senate Rule 68(b); reassigned to the Committee on Homeland Security, Transportation and Veterans Affairs.
2011-01-05		First reading: referred to Committee on Tax and Fiscal Policy
2011-01-05		Authored by Senators Wyss and Hershman

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=SB&docno=0222
Text	http://www.in.gov/legislative/bills/2011/IN/IN0222.1.html
Text	http://www.in.gov/legislative/bills/2011/SB/SB0222.1.html
Text	http://www.in.gov/legislative/bills/2011/SB/SB0222.2.html
Text	http://www.in.gov/legislative/bills/2011/ES/ES0222.1.html
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Srollcal/0189.PDF.pdf