DIGEST OF INTRODUCED BILL
Rural entrepreneurship areas. Permits a rural county, with the approval of the Indiana economic development corporation (IEDC), to designate the county as a rural entrepreneurship area development incentives area (area). Provides for the transfer of adjusted gross income taxes annually paid by employees working in an area for a new business, and by the new business itself, to the rural county for the development of new business opportunities in the rural county. Limits the amount that may be transferred in any year to $500,000. Makes an annual appropriation.