IN SB0316

Requires the Indiana Economic Development Corporation (IEDC) to publish its annual job creation incentives and compliance report on the Indiana transparency portal website, with reporting covering July 1 through June 30 periods

Mandates that all records related to taxpayer-funded economic development incentives, including recipient compliance reports, must be disclosed under open records law and cannot be withheld as confidential

Requires IEDC to recapture job creation incentives from recipients who fail to make promised capital investments, create or retain the promised number of jobs, or pay less in wages than specified in their incentive agreement

Recipients of job creation incentives must submit annual compliance reports by July 15 each year detailing employee counts, wages by job classification, job creation progress, and compliance with agreement terms, with failure to report resulting in suspension of incentives

Adds definitions for employment terms including "full-time employee," "full-time, permanent job," "new employee," "retained employee," "temporary job," and "part-time job" to standardize reporting requirements across IEDC programs