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House Bill 1541

House Bill (S)

Authored by

Co-Authored by

Sponsored by

  • The portrait of Rep. Thomas Dermody
    Rep. Thomas Dermody

    Author

  • The portrait of Rep. Randy Truitt
    Rep. Randy Truitt

    Co-Author

  • The portrait of Rep. Philip GiaQuinta
    Rep. Philip GiaQuinta

    Co-Author

  • The portrait of Rep. Sheila Klinker
    Rep. Sheila Klinker

    Co-Author

  • The portrait of Sen. Dennis Kruse
    Sen. Dennis Kruse

    Sponsor

  • The portrait of Sen. John Broden
    Sen. John Broden

    Sponsor

  • The portrait of Sen. James Arnold
    Sen. James Arnold

    Sponsor

DIGEST

Enterprise zones. Provides that the fiscal body of a municipality may adopt a resolution renewing an enterprise zone for an additional five years after the date on which the enterprise zone is set to expire. Provides that new municipal enterprise zones may not be added after December 31, 2020. (Under current law, the board of the Indiana economic development corporation may not add any new municipal enterprise zones after December 31, 2015.) Amends the definition of "qualified investment" for purposes of an enterprise zone investment deduction after 2015 to include new information technology equipment, new research and development equipment, and Enterprise zones. Provides that the fiscal body of a municipality may adopt a resolution renewing an enterprise zone for an additional five years after the date on which the enterprise zone is set to expire. Provides that new municipal enterprise zones may not be added after December 31, 2020. (Under current law, the board of the Indiana economic development corporation may not add any new municipal enterprise zones after December 31, 2015.) Amends the definition of "qualified investment" for purposes of an enterprise zone investment deduction after 2015 to include new information technology equipment, new research and development equipment, and new logical distribution equipment. Provides that all enterprise zones expire and must be phased out by December 31, 2030. ... View more