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IN SB0281
Bill
AI Summary
- IEDC must commit $35 million annually in redevelopment tax credits to development authorities, qualified nonprofits, and local economic development organizations for qualified investments in redevelopment sites
- $15 million of IEDC's $300 million annual certifiable tax credit amount must be allocated to the Small Town Opportunity Initiative for qualified community projects in cities/towns under 30,000 population or counties under 75,000 population
- IEDC and an operating partner will administer Indiana's federal Unmanned Aircraft System (UAS) Test Site program, with exemptions from state procurement, contracting, and fee-setting requirements
- Venture capital investment tax credit amended to clarify investment policies apply only to investable capital (excluding management/legal fees), allow combining credits under $10,000 for assignment, and expand qualified business eligibility for retail sales of self-developed products
- Level 2 certified technology parks located in qualified military base enhancement areas may become Level 3 parks and receive additional annual incremental income tax deposits up to $250,000 until July 1, 2029
Legislative Description
Income tax credits.
Last Action
Committee report: amend do pass, adopted
2/12/2026
Committee Referrals
Ways and Means2/2/2026
Tax and Fiscal Policy1/12/2026
Full Bill Text
No bill text available