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Senate Bill 0545


Senate Bill 0545

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Enterprise zone incentives. Increases the amount of the enterprise zone loan interest credit from 5% to 15% of the interest received from qualified loans. Allows a taxpayer to assign the enterprise zone investment cost credit. Provides that trusts, estates, corporations, and pass through entities that make qualified investments in enterprise zone businesses may claim the enterprise zone investment cost credit. (Current law allows only individuals to claim the credit, except in Vigo County where pass through entities are also eligible.) Establishes the enterprise zone job creation tax credit.
    Current Status:
     In Committee - first House
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