IN SB0163

Requires the Indiana Economic Development Corporation (IEDC) to disclose all records related to taxpayer-funded economic development incentives as public records, including cost analyses exceeding $25,000

Mandates the IEDC's annual job creation incentives and compliance report be published on the Indiana transparency portal and include aggregate amounts of uncollected or diverted state tax revenues for each incentive

Requires mandatory recapture of incentives from recipients who fail to make promised capital investments, create or retain the specified number of jobs, or pay wages below levels stated in their applications

Establishes annual compliance reporting requirements for incentive recipients, including detailed information on jobs created/retained, wages paid, employee classifications, and certification that all representations are accurate

Adds definitions for employment terms including "full-time employee," "full-time permanent job," "new employee," "retained employee," "part-time job," and "temporary job" to standardize job creation incentive requirements