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Senate Bill 0299


Senate Bill 0299

ARCHIVE (2010)

Latest Information

 

DIGEST OF SB299 (Updated February 25, 2010 5:05 pm - DI 84)


Economic development. 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. Changes the name of the E85 fueling station grant fund to the agricultural biomass infrastructure grant fund. Authorizes the department of agriculture to award grants from the agricultural biomass infrastructure grant fund for certain infrastructure used for the production or distribution of biofuels from biomass. Adds certain definitions. Makes changes to the definition of a qualified expense. Requires a utility company to submit an environmental impact statement before being awarded a grant. Provides that the amount for a grant for certain infrastructure used for the production or distribution of biofuels may not exceed the lesser of: (1) 50% of the recipient's qualified investment; or (2) $100,000. Makes related changes.
    Current Status:
     In Conference Committee
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