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IN SB0574
Bill
Status
1/14/2019
Primary Sponsor
John Ruckelshaus
Click for details
AI Summary
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Creates a new "Hoosiers with disabilities business enterprise" category for businesses at least 51% owned and controlled by individuals with disabilities, adding them to the governor's commission on minority and women's business enterprises
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Establishes participation goals for disability-owned businesses in state contracts: 5% for various public works projects, 3% for state purchasing contracts, with the Indiana Department of Administration required to adopt rules and report annually on progress
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Provides a state tax credit equal to 10% of wages paid to qualified employees with disabilities who are Indiana residents, with unused credits carried forward up to 4 consecutive years
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Adds Hoosiers with disabilities business enterprises to favored business lists for riverboat gaming, racetrack gambling, lottery operations, public-private agreements, and other state contracting programs alongside minority and women's business enterprises
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Effective date: July 1, 2019, with the tax credit applying to taxable years beginning after December 31, 2019
Legislative Description
Hoosiers with disabilities business enterprise. Adds "Hoosiers with disabilities business enterprise" to the governor's commission on minority and women's business enterprises. Adds "Hoosiers with disabilities business enterprise" to the list of favored business enterprises for public purchasing and public works purposes. Adds "disability owned small business concern" to the definition of "small business". Provides a credit against state tax liability to an eligible employer that employs an Indiana resident with a disability. Makes technical corrections.
Last Action
Senator Becker added as second author
1/24/2019