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House Bill 1384


House Bill 1384

ARCHIVE (2008)

Latest Information

 

DIGEST OF INTRODUCED BILL


Various economic development matters. Requires the Indiana economic development corporation (IEDC) to biennially review state and local economic development incentives to determine whether: (1) small businesses are eligible for the incentives; (2) small businesses can easily access and participate in the incentives; and (3) any incentives should be modified to make small businesses eligible for the incentives. Requires the IEDC to biennially submit a report to the legislative council. Requires the IEDC to conduct at least one public hearing to receive comments from owners and employees of small businesses. Authorizes the IEDC to: (1) solicit information and comments from small business owners and other individuals and entities; and (2) pay travel expenses, per diem, and expert witness fees. Reduces new employer contribution rates to the unemployment compensation system from 2.7% to 1% when the unemployment insurance benefit fund reaches a specified reserve amount. Repeals the December 31, 2011, expiration date for the Hoosier business investment tax credit.
Current Status:
 In Committee - first House
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