Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Just proposed
A lawmaker wrote this idea down and officially asked the government to consider it.
Next: a committee studies it and decides if it moves forward.
In plain words
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State and local tax capture areas. Amends provisions concerning the designation of an innovation development district to add certain qualification requirements (grandfathers in those districts established under current law). Requires the Indiana economic development corporation to establish a maximum sales tax increment amount and state income tax increment amount that may be allocated for each innovation development district, which may not exceed a specified amount per state fiscal year. Adds related procedural provisions. Makes conforming changes.
