IN HB1286

Eliminates the 35-employee minimum employment requirement for Indiana taxpayers applying for the Economic Development for a Growing Economy (EDGE) tax credit to retain existing jobs for taxable years beginning after December 31, 2009.

Applies retroactively to January 1, 2010, allowing businesses that would have been ineligible under the previous 35-employee threshold to claim the credit for tax years already in progress.

Maintains all other eligibility requirements for the EDGE credit, including average compensation thresholds, research and development/manufacturing/business services classification, and positive fiscal impact certification.

Sunset provision limits the amendment's application through January 1, 2013.

An emergency clause is declared for immediate enactment of the bill.