Extends by three years the expiration date of the statute under which the department of education may issue emergency communication disorder permits.
Provides that, to the extent that the definition of the Internal Revenue Code (IRC) in Title 6 of the Indiana Code is not updated by amendment in the 2021 regular session of the general assembly or thereafter to conform with the CARES Act, a taxpayer is entitled to an exemption from state adjusted gross income equal to the amount of income associated with forgiveness of a covered loan under the Paycheck Protection Program of the CARES Act that is excluded from the taxpayer's federal gross income under Section 1106(i) of that Act, but otherwise included in the taxpayer's state adjusted gross income based on the definition of the IRC in Title 6 of the Indiana Code.
Provides that debt from qualified investment capital must be for a repayment term of at least 12 months. Clarifies that the Indiana economic development corporation (IEDC) shall certify businesses that are engaged in sectors not excluded by the statute from eligibility and that are determined by the IEDC to have the significant potential to meet the listed statutory criteria. Removes limitations on retail businesses for the qualified Indiana business certification by the IEDC.
