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Bill Helping Small, Hospitality Businesses Headed to Governor’s Desk; Collection of Broadband Bills on The Move

HB 1004 – Small Business Restart Grant Program Authored by Rep. Shane Lindauer (R-Jasper); co-authored by Rep. Sharon Negele (R-Attica) and Rep. Alan Morrison (R-Brazil); sponsored by Sen. Ryan Mishler (R-Bremen) Establishes the Hoosier hospitality small business restart grant program to provide grants to eligible entities to accelerate economic recovery from the impacts of the COVID-19 pandemic. Establishes the [...]

2021-04-09T13:41:15-04:00April 9th, 2021|

Midpoint: Good Progress But Also Some Frustrating Inaction

TV Alert: Kevin Brinegar will be on Inside INdiana Business this weekend highlighting the legislative takeaways thus far. You can watch online or on one of these stations. Locally, the show airs at 7 p.m. EST tonight on WFYI and 10 a.m. EST Sunday on WISH. This week officially marked the end to the first half of the 2021 [...]

2021-02-26T10:44:55-05:00February 26th, 2021|

Committee Passes $100 Million Broadband Proposal

SB 377 – Broadband Development Authored by Sen. Andy Zay (R-Huntington) Establishes the Indiana broadband expansion fund for deposit and distribution of federal broadband funding and calls for an appropriation of $100,000,000 to the fund, which will be distributed proportionally to the (1) rural broadband fund (60%), (2) the connectivity program (30%) and (3) the adoption program (10%). (1) [...]

2021-02-12T13:34:14-05:00February 12th, 2021|

Transferability of Venture Capital Tax Credit Nearing Reality; Bills on Broadband Expansion and Data Centers Headed to Governor

Senate Bill 563 – Economic Development Authored by Sen. Travis Holdman (R-Markle) and Sen. Erin Houchin (R-Salem) Makes a variety of positive changes to tax policy and incentive programs intended to promote and enhance economic development. Of note, the bill allows a taxpayer to assign all or part of a venture capital investment tax credit (VCI), subject to certain [...]

2019-04-22T14:02:13-04:00April 19th, 2019|

Priority Legislation on Venture Capital Credit, Broadband and Asbestos Litigation Moves to Second Half

Senate Bill 563 (Economic Development), authored by Sen. Travis Holdman (R-Markle), passed the Senate 45-4 on Monday. It contains the long-standing Indiana Chamber priority of making the venture capital investment credit transferable. Another aspect of significance is the change to how service providers’ income tax liability is determined. The change, generally speaking, will benefit companies that sell their services [...]

2019-02-27T10:48:48-05:00February 27th, 2019|