HEA 1003 Summary

• Establishes a new tax credit program for employers hiring students who complete cooperative education arrangements with educational institutions in high wage, high demand jobs requiring industry certifications, effective for taxable years 2015-2018, with a maximum of $2,500,000 in aggregate credits per fiscal year.

• Authorizes grants from the training 2000 fund to school corporations and charter schools to support cooperative arrangements with businesses for student training in high wage, high demand jobs.

• Requires businesses receiving training assistance to continue operations at the assisted site for at least 5 years after assistance expires or repay the assistance received.

• Renames the "Indiana workforce intelligence system" to "INK" (network of knowledge) and establishes an INK governance committee consisting of state agency commissioners, private sector representatives, and an executive director appointed by the governor to oversee the statewide longitudinal data system.

• Prohibits INK from collecting disciplinary, juvenile delinquency, criminal, or medical/health records, and requires strict privacy compliance with federal Family Educational Rights and Privacy Act standards.