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IN HB1168

Bill

Official Source

Status

Introduced

1/10/2013

Primary Sponsor

Gerald Torr

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

HB 1168 Summary

  • Changes the Indiana Economic Development Corporation's authority from mandatory ("shall") to discretionary ("may") when certifying qualified Indiana businesses for the venture capital investment tax credit.

  • Removes physician professional services from the list of ineligible business types, making investments in physician-led professional services businesses eligible for the venture capital investment tax credit.

  • Retains existing eligibility requirements including Indiana headquarters, revenue limitations under $10 million, employee/asset location thresholds, and exclusions for real estate, insurance, accounting, legal services, and retail sales.

  • Effective July 1, 2013.

Legislative Description

Venture capital income tax credit.

Last Action

First reading: referred to Committee on Commerce, Small Business and Economic Development

1/10/2013

Committee Referrals

Commerce, Small Business and Economic Development1/10/2013

Full Bill Text

No bill text available