Loading chat...
IN HB1212
Bill
Status
1/13/2015
Primary Sponsor
William Friend
Click for details
AI Summary
-
Provides a sales and use tax exemption for construction materials used in building construction on former military base property in Indiana, effective July 1, 2015.
-
Allows military base reuse authorities or redevelopment commissions to apply to the Indiana Economic Development Corporation (IEDC) for approval to receive exemption certificates for qualifying building projects.
-
Requires approved buildings to meet standards including: location on military base property, construction by Indiana-based contractors, at least 40,000 square feet of floor space, and minimum 30-foot ceiling height (except office areas).
-
Grants IEDC discretionary authority to approve or deny exemption applications and determine which specific items are covered by the exemption; requires IEDC to issue approval letters naming applicants, approved contractors, and listing exempt items by construction phase.
-
Limits each military base property to only one active exemption certificate at a time; applicants must provide detailed lists of items for shell and core construction phases and final build-out phases.
Legislative Description
Sales and use tax exemption. Provides for a sales and use tax exemption that applies to construction materials used in the construction and final build out of a building that will be located on a former military base within Indiana. Establishes a process for a redevelopment commission or military base reuse authority to apply to the Indiana economic development corporation (IEDC) for approval of the building to be constructed and the granting of the exemption. Establishes standards for a building to qualify. Provides that the IEDC has discretion in determining whether to approve an exemption application and the items that
Last Action
Representative Morrison added as coauthor
1/22/2015