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DIGEST OF INTRODUCED BILL
Hoosier business investment tax credit. Provides that an additional class of investments known as Hoosier overdrive investments is eligible for the Hoosier business investment tax credit. Provides that the credit percentage awarded by the Indiana economic development corporation for Hoosier overdrive investments may not exceed 25%. Limits the total amount of credits that the Indiana economic development corporation may award for Hoosier overdrive investments each state fiscal year to $20,000,000.