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IN SB0480

Bill

Official Source

Status

Introduced

1/14/2013

Primary Sponsor

Greg Taylor

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Repeals IC 4-4-11.6, which governed substitute natural gas contracts between the Indiana Finance Authority and integrated coal gasification powerplant operators
  • Updates cross-references throughout Indiana Code to note that IC 4-4-11.6 has been repealed, affecting statutes related to the Indiana Finance Authority's powers and duties
  • Preserves existing refundable tax credits for taxpayers who made qualified investments in integrated coal gasification powerplants and entered into substitute natural gas contracts before the repeal
  • Tax credit provisions allow a 20-year refundable credit based on qualified investment amounts and the ratio of Indiana coal used in the powerplant
  • Takes effect immediately upon passage as emergency legislation

Legislative Description

Substitute natural gas contract.

Last Action

First reading: referred to Committee on Utilities

1/14/2013

Committee Referrals

Utilities1/14/2013

Full Bill Text

No bill text available