SB 271 IN

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Became Law

Specifies additional information that a certified technology park (park) is required to provide to the Indiana economic development corporation (corporation) in the course of a review. Provides that if a park has reached the limit on deposits and maintains its certification, the park shall become a Level 2 park. Increases, from $100,000 to $250,000, the annual additional incremental income tax deposit amount that a park captures once it has reached its limit on deposits. Clarifies the calculation of the additional incremental income tax deposit amount in the year in which a park reaches its limit on deposits. Provides that when the corporation certifies a Level 2 park, the corporation shall make a determination of whether the park shall continue to be designated as a Level 2 park. Requires the corporation to report to the budget committee certain information pertaining to businesses located in each park on a biennial basis.

• Brian Buchanan Republican · author
• Travis Holdman Republican · author
• Craig Snow Republican · sponsor

1. Jan 11, 2023 Authored by Senator Buchanan · upper
2. Jan 11, 2023 First reading: referred to Committee on Appropriations · upper
3. Jan 23, 2023 Committee report: amend do pass, adopted · upper
4. Jan 23, 2023 Senator Holdman added as second author · upper
5. Jan 30, 2023 Amendment #1 (Melton) prevailed; voice vote · upper
6. Jan 30, 2023 Second reading: amended, ordered engrossed · upper
7. Jan 31, 2023 Third reading: passed; Roll Call 50: yeas 49, nays 0 · upper
8. Jan 31, 2023 House sponsor: Representative Snow · upper
9. Jan 31, 2023 Senator Randolph added as coauthor · upper
10. Feb 2, 2023 Referred to the House · upper
11. Feb 28, 2023 First reading: referred to Committee on Ways and Means · lower
12. Mar 14, 2023 Representatives Rowray E and Heine added as cosponsors · lower
13. Mar 30, 2023 Committee report: amend do pass, adopted · lower
14. Apr 3, 2023 Second reading: ordered engrossed · lower
15. Apr 4, 2023 Representative Pierce M added as cosponsor · lower
16. Apr 4, 2023 Third reading: passed; Roll Call 353: yeas 96, nays 0 · lower
17. Apr 5, 2023 Returned to the Senate with amendments · lower
18. Apr 6, 2023 Motion to concur filed · upper
19. Apr 10, 2023 Senate concurred in House amendments; Roll Call 352: yeas 48, nays 0 · upper
20. Apr 13, 2023 Signed by the President Pro Tempore · upper
21. Apr 21, 2023 Signed by the Speaker · lower
22. Apr 26, 2023 Signed by the President of the Senate · upper
23. May 1, 2023 Signed by the Governor · executive
24. May 1, 2023 Public Law 105 · 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) · Apr 11, 2023 · PDF
• Introduced Senate Bill (S) · Jan 11, 2023 · PDF
• Senate Bill (S) · Jan 23, 2023 · PDF
• Engrossed Senate Bill (S) · Jan 30, 2023 · PDF
• Senate Bill (H) · Mar 30, 2023 · PDF