Indiana Senate Bill 585 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on February 22 2011 - 50% progression, died in chamber
Action: 2011-04-04 - Referred to Committee on Ways and Means pursuant to House Rule 127
Text: Latest bill text (Engrossed) [HTML]

Allows a certified technology park to capture incremental state income and sales taxes and local income taxes for a business that incubated in the park and then relocates outside the park but within the same county. Phases out the amount of the captured increment over five years. Allows a certified technology park to apply to the Indiana economic development corporation (IEDC) to redraw the boundaries of its district at the time of a recertification. Allows the IEDC to redraw the district if the IEDC finds that certain conditions are present.

Certified technology parks.

Sen. Timothy Lanane [D]

Sen. Michael Young [R]

2011-02-22 - Senate - Senate - Third reading: passed (Y: 49 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
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		Cosponsors: Reps. Austin, Lutz and Reske
2011-02-22		House sponsor: Rep. Stemler
2011-02-22		Referred to the House
2011-02-22		Third reading: passed; Roll Call 212: yeas 49 and nays 0
2011-02-17		Senator M. Young added as second author
2011-02-17		Senator M. Young removed as coauthor
2011-02-17		Second reading: ordered engrossed
2011-02-15		Committee report: amend do pass, adopted
2011-02-14		Senator M. Young added as coauthor
2011-01-20		First reading: referred to Committee on Commerce & Economic Development
2011-01-20		Authored by Senator Lanane

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=SB&docno=0585
Text	http://www.in.gov/legislative/bills/2011/IN/IN0585.1.html
Text	http://www.in.gov/legislative/bills/2011/SB/SB0585.1.html
Text	http://www.in.gov/legislative/bills/2011/ES/ES0585.1.html
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Srollcal/0212.PDF.pdf