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DIGEST OF INTRODUCED BILL
Certified technology parks. Allows a certified technology park to capture incremental state income and sales taxes and local income taxes for a business that incubates 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 the park's district at the time of a recertification. Allows the IEDC to redraw the district if the IEDC finds that certain conditions are present.