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DIGEST OF INTRODUCED BILL
Railroad redevelopment zones. Authorizes the Indiana economic development corporation to designate railroad redevelopment zones along freight rail lines that are the subjects of petitions to the Federal Surface Transportation Board for permission to discontinue freight rail service on the rail line or to abandon the rail line. Provides that certain businesses and their employees are entitled to certain tax incentives as if the business were located in an enterprise zone. Provides for the administration of the railroad redevelopment zones by the board of the Indiana economic development corporation. Provides that incentive recipients are subject to a fee imposed by the board. Requires the Indiana department of transportation to update the state's rail plan before January 1, 2012.