SB 361 IN

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Became Law

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.

• Ryan Mishler Republican · author
• Travis Holdman Republican · author
• David Niezgodski Democratic · author
• Timothy Brown · sponsor

1. Jan 11, 2022 Authored by Senator Mishler · upper
2. Jan 11, 2022 First reading: referred to Committee on Appropriations · upper
3. Jan 24, 2022 Senator Holdman added as second author · upper
4. Jan 24, 2022 Senator Ford Jon added as coauthor · upper
5. Jan 27, 2022 Committee report: amend do pass, adopted · upper
6. Jan 31, 2022 Senator Busch added as coauthor · upper
7. Jan 31, 2022 Amendment #1 (Mishler) prevailed; voice vote · upper
8. Jan 31, 2022 Second reading: amended, ordered engrossed · upper
9. Feb 1, 2022 Senator Niezgodski added as third author · upper
10. Feb 1, 2022 Senators Buck, Gaskill, Alting added as coauthors · upper
11. Feb 1, 2022 Third reading: passed; Roll Call 182: yeas 48, nays 1 · upper
12. Feb 1, 2022 House sponsor: Representative Brown T · upper
13. Feb 1, 2022 Cosponsors: Representatives Snow C and Jordan · upper
14. Feb 2, 2022 Referred to the House · upper
15. Feb 8, 2022 First reading: referred to Committee on Ways and Means · lower
16. Feb 8, 2022 Representative Hamilton added as cosponsor · lower
17. Feb 22, 2022 Committee report: amend do pass, adopted · lower
18. Feb 24, 2022 Amendment #10 (Brown T) prevailed; voice vote · lower
19. Feb 24, 2022 Amendment #9 (Heine) prevailed; voice vote · lower
20. Feb 24, 2022 Amendment #6 (Hamilton) ruled out of order · lower
21. Feb 24, 2022 Amendment #12 (Thompson) prevailed; voice vote · lower
22. Feb 24, 2022 Amendment #13 (Judy) prevailed; voice vote · lower
23. Feb 24, 2022 Amendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67 · lower
24. Feb 24, 2022 Amendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64 · lower
25. Feb 24, 2022 Appeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28 · lower
26. Feb 24, 2022 Amendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64 · lower
27. Feb 24, 2022 Second reading: amended, ordered engrossed · lower
28. Feb 28, 2022 Third reading: passed; Roll Call 300: yeas 69, nays 27 · lower
29. Mar 1, 2022 Returned to the Senate with amendments · lower
30. Mar 1, 2022 Motion to dissent filed · upper
31. Mar 1, 2022 Senate dissented from House amendments · upper
32. Mar 2, 2022 House conferees appointed: Brown T and Hamilton · lower
33. Mar 2, 2022 House advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter · lower
34. Mar 2, 2022 Senate conferees appointed: Mishler and Niezgodski · upper
35. Mar 2, 2022 Senate advisors appointed: Holdman and Melton · upper
36. Mar 3, 2022 Senator Melton removed as advisor · upper
37. Mar 3, 2022 Senator Niezgodski removed as conferee · upper
38. Mar 3, 2022 Senator Melton added as conferee · upper
39. Mar 3, 2022 Senator Niezgodski added as advisor · upper
40. Mar 7, 2022 Senator Melton added as coauthor · upper
41. Mar 8, 2022 CCR # 1 filed in the Senate · upper
42. Mar 8, 2022 CCR # 1 filed in the House · lower
43. Mar 8, 2022 Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0 · upper
44. Mar 8, 2022 Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22 · lower
45. Mar 8, 2022 Senator Randolph added as coauthor · upper
46. Mar 9, 2022 Signed by the Speaker · lower
47. Mar 9, 2022 Signed by the President Pro Tempore · upper
48. Mar 15, 2022 Public Law 135 · upper
49. Mar 15, 2022 Signed by the Governor · executive
50. Mar 15, 2022 Signed by the President of the Senate · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled Senate Bill (S) · Mar 8, 2022 · PDF
• Introduced Senate Bill (S) · Jan 10, 2022 · PDF
• Senate Bill (S) · Jan 27, 2022 · PDF
• Engrossed Senate Bill (S) · Jan 31, 2022 · PDF
• Senate Bill (H) · Feb 22, 2022 · PDF
• Engrossed Senate Bill (H) · Feb 24, 2022 · PDF