Certified technology parks.
Summary
Specifies additional information that a certified technology park (park) is required to provide to the Indiana economic development corporation (corporation) in the course of a review. Provides that if a park has reached the limit on deposits and maintains its certification the park shall become a Level 2 park. Increases, from $100,000 to $250,000, the annual additional incremental income tax deposit amount that a park captures once it has reached its limit on deposits. Clarifies the calculation of the additional incremental income tax deposit amount in the year in which a park reaches its limit on deposits. Provides that when the corporation certifies a Level 2 park the corporation shall make a determination of whether the park shall continue to be designated as a Level 2 park.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2021
Committee Review
Feb 2021
Senate Passage
Feb 2021
House Passage
Governor
Introduced Jan 11, 2021
Last action Mar 16, 2021
Floor votes · Senate Feb 22, 2021
How they voted
45–1
Passed · 1 other
Total votes 47
Feb 22, 2021
D
Democratic11
90% Yea
R
Republican36
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
2
Committee
2
Feb 23, 2021
Committee
Referred to the House
upper
Feb 22, 2021
Upper · Passed
Third reading: passed; Roll Call 151: yeas 47, nays 2
upper
Feb 16, 2021
Upper · Passed
Committee report: amend do pass, adopted
upper
3 primary · 5 co-sponsors
Sponsors
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