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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 [...]

2019-02-27T10:48:48-04:00February 27th, 2019|