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IN HB1153
Bill
Status
1/7/2016
Primary Sponsor
William Friend
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AI Summary
HB 1153 Summary
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Provides sales and use tax exemption for construction materials used in construction and final build-out of buildings on former military bases in Indiana, effective July 1, 2016.
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Allows military base reuse authorities or redevelopment commissions to apply to the Indiana Economic Development Corporation (IEDC) for exemption certificates, with applications must be received by July 1, 2026.
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Requires qualified buildings to be located on military base property, constructed by contractors predominantly engaged in construction business and doing business primarily in Indiana, have at least 40,000 square feet of floor space, and have at least 30-foot ceiling height (except office areas).
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Grants IEDC full discretion to approve or deny exemption applications and determine which construction items are covered by the exemption, with IEDC issuing approval letters naming applicants, contractors, building location, and exempt items.
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Limits one exemption certificate per military base property and requires applicants to provide detailed lists of shell and core construction items and final construction phase items for occupancy.
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 in 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. Provides that the application must be received by the IEDC before July 1, 2026, to be considered. Establishes standards for a building to qualify. Provides that
Last Action
First reading: referred to Committee on Ways and Means
1/7/2016