| || |
DIGEST OF INTRODUCED BILL
Tax credits for high growth small businesses. Provides a state tax credit for a business that has been actively engaged in business in Indiana for at least two years, has annual revenue between $1 million and $10 million per year for at least two years, has revenue growth of at least 25% for at least two consecutive years, and employs or contracts with at least ten individuals. Provides that the credit equals 20% of the taxpayer's state tax liability in the taxable year.