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Introduced House Bill (H)

DIGEST

Certified technology parks. Provides that once a certified technology park reaches its cap, an additional amount equal to incremental income taxes shall be captured (not to exceed $500,000 annually or in the case of a certified technology park operated by two or more redevelopment commissions, $500,000 per redevelopment commission). (Currently, the additional deposit may not exceed $100,000.) Provides that an additional deposit in excess of a cap is applicable only to a certified technology park located in Crane, Indiana, or within a radius of five miles of a qualified military base. Certified technology parks. Provides that once a certified technology park reaches its cap, an additional amount equal to incremental income taxes shall be captured (not to exceed $500,000 annually or in the case of a certified technology park operated by two or more redevelopment commissions, $500,000 per redevelopment commission). (Currently, the additional deposit may not exceed $100,000.) Provides that an additional deposit in excess of a cap is applicable only to a certified technology park located in Crane, Indiana, or within a radius of five miles of a qualified military base.