IN HB1429

Allows the Indiana Economic Development Corporation and redevelopment commissions to exclude county adjusted gross income tax, county option income tax, and county economic development income tax from income tax capture calculations for certified technology parks

Permits redevelopment commissions with certified technology parks to assign portions of their $5 million sales and income tax capture limit to cooperating certified technology parks when undertaking joint economic development projects

Prohibits reduction of the statutory $5 million tax capture limit by rule or agreement, except through assignment agreements between cooperating redevelopment commissions; voids any pre-July 2013 provisions that reduced this limit

Appropriates $2 million each to the redevelopment commissions of Daviess County, Greene County, and Martin County (total $6 million) for infrastructure development at the Westgate@Crane technology park, effective July 1, 2013 through June 30, 2015