While the focus here, of course, is on investment and growth in Indiana's tech and innovation communities, one must be aware of what is taking place elsewhere. We share some updates from neighboring states to the north and east. Pete Wilkins, managing director of Hyde Park Angels, recently wrote about what he sees as growing strength in Michigan. A few [...]
- Congressman Jim Banks (IN-03) was recently named chairman of the newly established Subcommittee on Technology Modernization. The subcommittee will provide oversight of the Department of Veterans Affairs’ (VA) electronic health records transition and other enterprise technology modernization projects. “I am honored (House Veterans’ Affairs Committee) Chairman Phil Roe has entrusted me with leading the subcommittee and I look [...]
Summarizing some recent tech/innovation stories: According to Brookings Institution research, downtown universities (compared to their peers) produce 80% more licensing deals, disclose 123% more inventions, receive 222% more income from licensing agreements and create 71% more start-ups. Hidden in Plain Sight: The Oversized Impact of Downtown Universities identifies the following as the top 10 downtown research universities: Rochester University, MIT, [...]
In Search of Technology (ISoT), an Indianapolis-based IT firm specializing in strategic consulting, software development, and talent solutions, has merged with Theoris Services. ISoT founder, Justin Bryant, will serve as vice president of the Theoris ‘Ignite’ division, focused on the high-velocity Tech, SMB and Entrepreneurial business sectors. “Merging with Theoris enables us to expand our services through increased resources [...]
(INDIANAPOLIS) — Bill Waltz, Indiana Chamber of Commerce vice president of taxation and public finance, comments on Senate Bill 257 being signed into law, providing clarity on the tax exempt status for software-as-a-service (SaaS) transactions: “Since last summer, the Indiana Chamber has been leading the charge to see this clarification become law, with language originating in our tech policy committee. Our [...]
This week, the Senate unanimously approved the House changes to Senate Bill 257 (Sales Tax on Software). This bill began as a top Chamber goal; it was embraced by the administration and made a priority of the Governor, the Senate got it introduced and rolling, then the House took good legislation and made it even better. The Senate concurrence [...]
The 2018 Indiana legislative session is in the home stretch with an end date of this coming Wednesday. Another select group of business-related bills crossed the finish line this week (and last) and are ultimately headed to the Governor’s desk. Others are bound for conference committee to resolve differences between the House and Senate versions. Meanwhile, two bills saw [...]
Bill # and Title: HB 1316 – Sales Taxes and Credits; SB 257 – Sales Tax on Software Authors: Rep. Tim Brown (R-Crawfordsville); Sen. Travis Holdman (R-Markle) Summary: Provides that for the purposes of the sales tax, a person is a retail merchant making a retail transaction when the person sells, rents, leases or licenses for consideration the right [...]
Bill # and Title: SB 257 – Sales Tax on Software Author: Sen. Travis Holdman (R-Fort Wayne) Summary: Provides that for purposes of the sales tax, a person is a retail merchant making a retail transaction when the person sells, rents, leases or licenses for consideration the right to use prewritten computer software delivered electronically. Specifies, however, that a [...]
After a stellar 2017, the 2018 short legislation session has been more measured – largely based on the lack of desire to “open up the budget”. While some issues moved ahead as intended, several bold ideas have evolved into a study committee or tabled until next year. Below is a summary of where several key bills stand: The Regional [...]
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