Indiana Senate Bill 361
Session 2022
Economic development.
Became Law
Signed by Governor on Mar 15, 2022
Sponsors
4 Sponsors
Ryan Mishler
Travis Holdman
David Niezgodski
Timothy Brown
First Action
Jan 11, 2022
Latest Action
Mar 15, 2022
Origin Chamber
Senate
Type
Bill
Bill Number
361
State
Indiana
Session
2022
David Niezgodski
grade
Author
Ryan Mishler
grade
Author
Timothy Brown
grade
Sponsor
Travis Holdman
grade
Author
Cosponsor
Cosponsor
Coauthor
Cosponsor
Coauthor
Coauthor
Coauthor
Coauthor
Coauthor
Coauthor
Senate votes are unavailable for this bill.
Summary
Makes certain amendments to the Hoosier business investment tax credit, the economic development for a growing economy tax credit, the headquarters relocation tax credit, and the redevelopment tax credit. Adds veteran owned businesses to the list of businesses that would qualify for an enhanced venture capital tax credit. Limits the total amount of credits that the Indiana economic development corporation (IEDC) may award for a calendar year for all taxpayers for all applicable tax credits to $300,000,000. Specifies the procedure by which the IEDC may designate an area as an innovation development district (district). Requires the IEDC to enter into an agreement with the executive of a city, town, or county, or, if applicable, executives, with territory located in the district establishing the terms and conditions governing certain districts. Requires the IEDC to establish a local innovation development district fund for each district. Provides that money in a local innovation development district fund is continuously appropriated for the uses of the fund. Authorizes a county, city, or town to establish a workforce retention and recruitment program and fund (fund) for the purposes of recruiting and retaining individuals who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit, including providing incentives in the form of grants or loans to qualified workers. Authorizes the unit to transfer money into the fund from other sources. Provides that the executive of the unit shall administer the fund in coordination with a workforce fund board of managers appointed by the executive of the unit. Provides that the IEDC may award a tax credit for media production expenses for certain media productions in Indiana. Provides for the augmentation of the amount appropriated to the IEDC in an amount not to exceed $300,000,000 for the purposes of business promotion and innovation. Specifies that funds appropriated to the IEDC for the purposes of business promotion and innovation do not revert to the state general fund. Requires the IEDC to identify state laws and regulations that burden existing businesses or inhibit creation of new businesses and provide a report with recommendations to the general assembly and budget committee. Makes conforming changes.
Enrolled Senate Bill (S)
March 8, 2022
Introduced Senate Bill (S)
January 10, 2022
Senate Bill (S)
January 27, 2022
Engrossed Senate Bill (S)
January 31, 2022
Senate Bill (H)
February 22, 2022
Engrossed Senate Bill (H)
February 24, 2022
Fiscal Note: SB0361.06.ENRH.FN001
03/15/2022
Senate
Signed by the President of the Senate
03/15/2022
Office of the Governor
Signed by the Governor
03/15/2022
Senate
Public Law 135
03/09/2022
Senate
Signed by the President Pro Tempore
03/09/2022
House
Signed by the Speaker
03/08/2022
Senate
Senator Randolph added as coauthor
03/08/2022
House
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22
03/08/2022
Senate
Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0
03/08/2022
House
CCR # 1 filed in the House
03/08/2022
Senate
CCR # 1 filed in the Senate
03/07/2022
Senate
Senator Melton added as coauthor
03/03/2022
Senate
Senator Niezgodski added as advisor
03/03/2022
Senate
Senator Melton added as conferee
03/03/2022
Senate
Senator Niezgodski removed as conferee
03/03/2022
Senate
Senator Melton removed as advisor
03/02/2022
Senate
Senate advisors appointed: Holdman and Melton
03/02/2022
Senate
Senate conferees appointed: Mishler and Niezgodski
03/02/2022
House
House advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter
03/02/2022
House
House conferees appointed: Brown T and Hamilton
03/01/2022
Senate
Senate dissented from House amendments
03/01/2022
Senate
Motion to dissent filed
03/01/2022
House
Returned to the Senate with amendments
02/28/2022
House
Third reading: passed; Roll Call 300: yeas 69, nays 27
02/24/2022
House
Second reading: amended, ordered engrossed
02/24/2022
House
Amendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64
02/24/2022
House
Appeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28
02/24/2022
House
Amendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64
02/24/2022
House
Amendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67
02/24/2022
House
Amendment #13 (Judy) prevailed; voice vote
02/24/2022
House
Amendment #12 (Thompson) prevailed; voice vote
02/24/2022
House
Amendment #6 (Hamilton) ruled out of order
02/24/2022
House
Amendment #9 (Heine) prevailed; voice vote
02/24/2022
House
Amendment #10 (Brown T) prevailed; voice vote
02/22/2022
House
Committee report: amend do pass, adopted
02/08/2022
House
Representative Hamilton added as cosponsor
02/08/2022
House
First reading: referred to Committee on Ways and Means
02/02/2022
Senate
Referred to the House
02/01/2022
Senate
Cosponsors: Representatives Snow C and Jordan
02/01/2022
Senate
House sponsor: Representative Brown T
02/01/2022
Senate
Third reading: passed; Roll Call 182: yeas 48, nays 1
02/01/2022
Senate
Senators Buck, Gaskill, Alting added as coauthors
02/01/2022
Senate
Senator Niezgodski added as third author
01/31/2022
Senate
Second reading: amended, ordered engrossed
01/31/2022
Senate
Amendment #1 (Mishler) prevailed; voice vote
01/31/2022
Senate
Senator Busch added as coauthor
01/27/2022
Senate
Committee report: amend do pass, adopted
01/24/2022
Senate
Senator Ford Jon added as coauthor
01/24/2022
Senate
Senator Holdman added as second author
01/11/2022
Senate
First reading: referred to Committee on Appropriations
01/11/2022
Senate
Authored by Senator Mishler
Sources
IN Legislature
Open States
Record Created
Jan 11, 2022 9:39:26 AM
Record Updated
Jul 22, 2022 6:06:03 PM