IN HB1379

Provides a sales and use tax credit for purchases of building materials made by property owners in enterprise zones, with 100% credit for purchases from vendors within the zone and 50% credit for purchases from vendors in cities containing enterprise zones.

Grants retail merchants located in enterprise zones an additional 1% allowance on their sales tax liability beyond standard collection allowances.

Allows individuals an adjusted gross income tax deduction equal to qualified increased enterprise zone adjusted gross income, including pass-through entity distributive shares.

Establishes a job creation tax credit against state tax liability for employers creating new full-time jobs at enterprise zone locations, calculated at $1,500 per new employee.

Effective dates: July 1, 2014 for sales/use tax provisions; January 1, 2015 for income tax and job creation provisions; provisions expire January 1, 2017.