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IN HB1237
Bill
Status
1/13/2015
Primary Sponsor
Philip GiaQuinta
Click for details
AI Summary
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Amends IC 6-1.1-45-7 to expand the definition of "qualified investment" for enterprise zone investment deductions to include new information technology equipment.
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Adds tangible personal property consisting of equipment and software used in information processing, office automation, telecommunication facilities and networks, informatics, network administration, software development, and fiber optics to the list of qualifying expenditures.
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Requires that information technology equipment be acquired in an arms-length transaction from a non-affiliate entity and must never have been previously used in Indiana before purchase.
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Becomes effective July 1, 2015.
Legislative Description
New information technology equipment. Amends the definition of "qualified investment" for purposes of an enterprise zone investment deduction to include new information technology equipment.
Last Action
First Reading: referred to Committee on Ways and Means
1/13/2015