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Senate Bill 0585

Senate Bill 0585

ARCHIVE (2011)

Latest Information


DIGEST OF SB 585 (Updated March 31, 2011 10:15 am - DI 113)

Certified technology parks. Allows a certified technology park to capture incremental state income and sales taxes and local income taxes for a business that incubated in the park and then relocates outside the park but within the same county. Phases out the amount of the captured increment over five years. Allows a certified technology park to apply to the Indiana economic development corporation (IEDC) to redraw the boundaries of its district at the time of a recertification. Allows the IEDC to redraw the district if the IEDC finds that certain conditions are present.
    Current Status:
     In Committee - 2nd House
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