A CONCURRENT RESOLUTION honoring the late Governor Joe Kernan and urging the Indiana Department of Administration to place a memorial bust of Governor Kernan within the State Capitol.
Amends the: (1) definition of "eligible student" for purposes of eligibility under the Indiana education scholarship account program (program); (2) definition of "qualified expenses" under the program to include additional items, including computer hardware or other technological devices, and remove certain in-person requirements; (3) grant amount that an eligible student may receive under the program; and (4) date by which a parent or emancipated student must open an education scholarship account to participate in the program. Provides that the treasurer of state shall accept applications July 1 through June 30 of each year for the immediately following school year. (Current law requires applications to be submitted for an eligible student not later than September 1 for the immediately following school year.) Establishes requirements regarding using grants under the program for computer hardware or other technological devices. Provides that at least 50% of the total number of grants awarded each school year must be awarded to students with a disability who require special education and for whom an individualized education program, service plan, or choice special education plan has been developed.
Provides a credit against an individual's homestead property tax liability equal to the amount by which the property tax liability increases by more than 10% from the prior year. Requires the county auditor to apply the credit against an individual's homestead property tax liability without the need to file an application.
Provides that before the state purchases more than 100 acres of land for economic development purposes, the state must give notice to the executive of each local unit in which the land is located. Provides that a school corporation that receives a portion of the aggregate percentage of incremental property tax revenue transferred may use those funds with no restrictions or specified uses.
Establishes the Indiana new markets tax credit (credit) for certain qualified equity investments. Provides that the total amount of the credit over the seven year credit allowance period is equal to: (1) 42%, multiplied by; (2) the purchase price paid to the qualified community development entity for the qualified equity investment. Establishes a procedure for a qualified community development entity to apply to the Indiana economic development corporation (IEDC) for qualified equity investment authority in a qualified active low income community business with principal business operations in Indiana under the rural allocation or the statewide allocation. Requires a qualified community development entity to pay a nonrefundable application fee of $5,000 to the IEDC. Provides that the credit is subject to recapture. Allows the IEDC to issue letter rulings requested by taxpayers, similar to private letter rulings issued by the Internal Revenue Service at the federal level, and adopt rules regarding the credit. Requires each qualified community development entity to submit an annual report to the IEDC regarding qualified low income community investments made by the qualified community development entity.
Couples Indiana depreciation provisions with federal depreciation provisions under Section 179 of the Internal Revenue Code.
Provides that after June 30, 2023, a payment card network may not provide to a vendor with whom the holder of a payment card (cardholder) has an automatic payment arrangement the new: (1) payment card number; (2) expiration date; or (3) card verification value code; for a replacement card that is issued to the cardholder after the cardholder's payment card has been lost, stolen, or compromised, unless the payment card network obtains the cardholder's authorization to do so. Provides that a payment card network may obtain the required authorization: (1) before each transfer of new payment card information that is necessitated by a lost, stolen, or compromised payment card; or (2) at the option of the cardholder, as a preauthorization given in advance of any required transfer of new payment card information necessitated by a lost, stolen, or compromised payment card. Prohibits a vendor from storing, after a payment authorization has processed, the card verification value code associated with a cardholder's payment card, as specified in certain regulations adopted by the payment card industry. Provides that this prohibition applies regardless of whether the vendor has entered into an automatic payment arrangement with a cardholder. Provides that a: (1) payment card network; or (2) vendor; that violates these provisions commits a deceptive act that is actionable by the attorney general or by a consumer under the deceptive consumer sales act (act) and is subject to the remedies and penalties set forth in the act.
A SENATE RESOLUTION honoring Indiana's women veterans.
Creates a procedure to establish a community infrastructure improvement district (district). Specifies that the procedure added by the bill allowing for the establishment of a district does not authorize the unit to establish a district that overlaps with an economic improvement district. Requires a petition for the establishment of a district to include a rate and methodology report. Specifies the contents of the report. Specifies the basis upon which benefits accruing to parcels of real property within a district may be apportioned among those parcels. Requires a determination that the aggregate assessments within a district: (1) do not exceed 30% of the projected assessed value of property within the district; or (2) in the case of a district that is established for single family residences, do not exceed 10% of the projected assessed value per single family residence within the district; before a legislative body may adopt an ordinance to establish a district. Requires a community infrastructure improvement board (board) to assist the county treasurer in order to make certain specified determinations and designations regarding annual assessments within a district. Adds specific provisions that apply to the board's issuance of revenue bonds. Sunsets these provisions after five years.
Provides that each state agency directly receiving federal: (1) pandemic relief funds; (2) economic stimulus funds; or (3) loan funds; shall use a portion of the funds allocated to engage an independent third party firm to perform a risk assessment of the agency's controls in administering the use of the funds and to audit the disbursement of the funds. Provides that the auditor of state (auditor) shall engage internal or third party assistance to perform a risk assessment of executive branch agency internal controls for administering and disbursing federal: (1) pandemic relief funds; (2) economic stimulus funds; or (3) loan funds. Provides that upon engaging internal or third party assistance, the auditor shall consult with the state board of accounts and executive branch agencies that are conducting similar risk assessments or audits of federal funds regarding the scope of work being performed by the state board of accounts and executive branch agencies. Provides that before December 31 of each year, the auditor shall compile the auditor's findings and provide a report to the governor and to the legislative council. Appropriates to the auditor $500,000 from the coronavirus local fiscal relief funds made available to the state under the American Rescue Plan Act of 2021.
