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Legislative Return on Investment
In this annual financial impact assessment, learn what the Indiana Chamber's lobbying efforts at the Statehouse mean to your pocket.
The 2007 long session saw some positive legislation steered through to a successful destination, but too often the Indiana Chamber lobbying team had to play defense - albeit successful - on bills that would have had a detrimental impact on the business community and the state's overall economy.
Despite time spent on bad bills and the frequent partisan politics, there were several significant victories, including: clarifying the wage payment statute, thereby avoiding penalties for employers; prevention of property tax shifts to businesses; funding for the Major Moves transportation projects; and establishing tax credits to promote alternative fuel production.
In total, the Chamber's work yielded savings of $3.385 billion for Hoosier businesses OR $1,088.84 per employee. Your specific savings are listed below by bill and issue area, in total and per employee.
Legislative Session
| Economic Development | |
| Major Moves project funding (HB 1001) | $420 million; $135.10/employee |
| 21st Century Technology program (HB 1001) | $140 million; $45.03/employee |
| Indiana Economic Development Corporation deal-closing fund (HB 1001) | $50 million; $16.08/employee |
| Patent-derived income exemption (HB 1461) | $20 million; $6.43/employee |
| Environment | |
| Alternative fuel production incentives (HB 1722) | $800 million; $257.33/employee |
| Defeat of overly expansive permit requirements (SB 205) |
$100 million; $32.17/employee |
| Defeat of facility biomonitoring (HB 1473) | $30 million; $9.65/employoee |
| Health Care | |
| State health care plan for low-income families (HB 1648) |
$250 million; $80.41/employee |
| Defeat of overly inclusive lead-bearing substance restrictions (SB 102) | $100 million; $32.17/employee |
| Defeat of employer health care spending disclosure (HB 1047) |
$75 million; $24.13/employee |
| Labor | |
| Clarifying wage payment statute regarding penalties (HB 276) | $600 million; $193.00/employee |
| Defeat of paid parental leave for school conferences (SB 257) | $200 million; $64.33/employee |
| Defeat of unnecessary changes to worker's compensation (HB 1488) | $15 million; $4.83/employee |
| Defeat of right to bring guns to workplace (HB 1118) | $10 million; $3.22/employee |
| Defeat of employer verification of W-4s (SB 457) | $10 million; $3.22/employee |
| Tax and Public Finance | |
| Prevention of property tax shifts to business (HB 1478) | $210 million; $67.55/employee |
| Defeat of delay of annual real property assessments (HB 1696) | $180 million; $57.90/employee |
| Defeat of 1% corporate income tax (HB 1007) | $125 million; $40.21/employee |
| Defeat of amendment to assess exempt equipment (SB 287) |
$50 million; $16.08/employee |
Total Savings for Indiana Business: $3.385 Billion
Total Savings Per Employee: $1,088.84
Your Return on Investment
10 employees = savings of $10,888
25 employees = savings of $27,221
50 employees = savings of $54,442
100 employees = savings of $108,884
200 employees = savings of $217,768
500 employees = savings of $544,420
IMPORTANT NOTES: Business impact calculations are based on fiscal impact estimates of the Legislative Services Agency, the State Budget Agency, health care actuaries and Indiana Chamber analysis. Business impact per employee is calculated by using the number of employed workers statewide in 2006 (3,108,800).
