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House Bill 1429


House Bill 1429

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Certified technology parks. Allows the Indiana economic development corporation and a redevelopment commission to agree to exclude county adjusted gross income tax, county option income tax, and county economic development income tax from the income tax capture amount for the redevelopment commission's certified technology park. Provides that if two or more redevelopment commissions agree to undertake joint economic development projects in their respective certified technology parks, a participating redevelopment commission may assign part of the available sales and income tax capture limit for the redevelopment commission's certified technology park to another cooperating certified technology park. Provides that the sales and income tax capture limit specified in statute for a certified technology park may not be reduced by rule or agreement, except for an assignment agreement between cooperating redevelopment commissions. Makes appropriations to the Daviess County, Greene County, and Martin County redevelopment commissions for the development of infrastructure at the Westgate@Crane technology park.
Current Status:
 In Committee - first House
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