Indiana 2022 Regular Session Status: Enacted Bipartisan · 9 R · 4 D cosponsors

SB 361 — Economic development.

Last action — Signed by the President of the Senate

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 11, 2022. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 98% · high confidence

  • Enacted

    Current position in the legislative process.

  • 14 sponsors

    4 primary, 10 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (9 R · 4 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Makes certain amendments to the Hoosier business investment tax credit, the economic development for a growing economy tax credit, the headquarters relocation tax credit, and the redevelopment tax credit. Adds veteran owned businesses to the list of businesses that would qualify for an enhanced venture capital tax credit. Limits the total amount of credits that the Indiana economic development corporation (IEDC) may award for a calendar year for all taxpayers for all applicable tax credits to $300,000,000. Specifies the procedure by which the IEDC may designate an area as an innovation development district (district). Requires the IEDC to enter into an agreement with the executive of a city, town, or county, or, if applicable, executives, with territory located in the district establishing the terms and conditions governing certain districts. Requires the IEDC to establish a local innovation development district fund for each district. Provides that money in a local innovation development district fund is continuously appropriated for the uses of the fund. Authorizes a county, city, or town to establish a workforce retention and recruitment program and fund (fund) for the purposes of recruiting and retaining individuals who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit, including providing incentives in the form of grants or loans to qualified workers. Authorizes the unit to transfer money into the fund from other sources. Provides that the executive of the unit shall administer the fund in coordination with a workforce fund board of managers appointed by the executive of the unit. Provides that the IEDC may award a tax credit for media production expenses for certain media productions in Indiana. Provides for the augmentation of the amount appropriated to the IEDC in an amount not to exceed $300,000,000 for the purposes of business promotion and innovation. Specifies that funds appropriated to the IEDC for the purposes of business promotion and innovation do not revert to the state general fund. Requires the IEDC to identify state laws and regulations that burden existing businesses or inhibit creation of new businesses and provide a report with recommendations to the general assembly and budget committee. Makes conforming changes.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 361 on the official Indiana source →

Action History

  1. Signed by the President of the Senate

  2. Signed by the Governor

  3. Public Law 135

  4. Signed by the President Pro Tempore

  5. Signed by the Speaker

  6. Senator Randolph added as coauthor

  7. Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22

  8. Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0

  9. CCR # 1 filed in the House

  10. CCR # 1 filed in the Senate

  11. Senator Melton added as coauthor

  12. Senator Niezgodski added as advisor

  13. Senator Melton added as conferee

  14. Senator Niezgodski removed as conferee

  15. Senator Melton removed as advisor

  16. Senate advisors appointed: Holdman and Melton

  17. Senate conferees appointed: Mishler and Niezgodski

  18. House advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter

  19. House conferees appointed: Brown T and Hamilton

  20. Senate dissented from House amendments

  21. Motion to dissent filed

  22. Returned to the Senate with amendments

  23. Third reading: passed; Roll Call 300: yeas 69, nays 27

  24. Second reading: amended, ordered engrossed

  25. Amendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64

  26. Appeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28

  27. Amendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64

  28. Amendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67

  29. Amendment #13 (Judy) prevailed; voice vote

  30. Amendment #12 (Thompson) prevailed; voice vote

  31. Amendment #6 (Hamilton) ruled out of order

  32. Amendment #9 (Heine) prevailed; voice vote

  33. Amendment #10 (Brown T) prevailed; voice vote

  34. Committee report: amend do pass, adopted

  35. Representative Hamilton added as cosponsor

  36. First reading: referred to Committee on Ways and Means

  37. Referred to the House

  38. Cosponsors: Representatives Snow C and Jordan

  39. House sponsor: Representative Brown T

  40. Third reading: passed; Roll Call 182: yeas 48, nays 1

  41. Senators Buck, Gaskill, Alting added as coauthors

  42. Senator Niezgodski added as third author

  43. Second reading: amended, ordered engrossed

  44. Amendment #1 (Mishler) prevailed; voice vote

  45. Senator Busch added as coauthor

  46. Committee report: amend do pass, adopted

  47. Senator Ford Jon added as coauthor

  48. Senator Holdman added as second author

  49. First reading: referred to Committee on Appropriations

  50. Authored by Senator Mishler

Sponsors

Sponsorship breakdown

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4 sponsors · 10 co-sponsors · 136 not signed on · 23 voted No

Sponsors (4)

Co-sponsors (10)

Not signed on (136)

136 members have not signed on to this bill.

Show all 136 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

SB 361 - Brown, T. - 3rd Reading

Passed 69 Yea · 27 Nay · 4 Other
Party YeaNayPresentNot Voting
Republican 37802
Unaffiliated 25300
Democrat 71602
Total 692704
% of votes cast 69%27%0%4%
How each member voted (100)
Member Party Vote
Leonard — Yea
Fleming — Yea
Austin — Yea
Frye — Yea
Lyness — Yea
Goodrich — Yea
Speedy — Yea
Gutwein — Yea
Hatfield — Yea
Torr — Yea
Morrison — Yea
Vermilion — Yea
Cherry — Yea
Negele — Yea
Cook — Yea
Zent — Yea
Ziemke — Yea
Eberhart — Yea
Lehe — Yea
Saunders — Yea
Ellington — Yea
Schaibley — Yea
Boy — Nay
Nisly — Nay
Jacob — Nay
Brown, T — Yea
Davisson, J. — Yea
Young, J — Yea
Blake Johnson Democrat Yea
Carey Hamilton Democrat Nay
Carolyn Jackson Democrat Nay
Cherrish Pryor Democrat Nay
Chris Campbell Democrat Nay
Chuck Moseley Democrat Nay
Earl Harris Democrat Not Voting
Edward DeLaney Democrat Nay
Gregory Porter Democrat Nay
John Bartlett Democrat Nay
Justin Moed Democrat Yea
Matt Pierce Democrat Yea
Maureen Bauer Democrat Yea
Mike Andrade Democrat Yea
Mitch Gore Democrat Yea
Philip GiaQuinta Democrat Nay
Ragen Hatcher Democrat Not Voting
Renee Pack Democrat Nay
Robin Shackleford Democrat Nay
Ryan Dvorak Democrat Nay
Sheila Klinker Democrat Yea
Sue Errington Democrat Nay
Tonya Pfaff Democrat Nay
Vanessa Summers Democrat Nay
Vernon Smith Democrat Nay
Beau Baird Republican Not Voting
Ben Smaltz Republican Yea
Brad Barrett Republican Yea
Bruce Borders Republican Yea
Chris Jeter Republican Nay
Chris Judy Republican Nay
Chris May Republican Yea
Cindy Ledbetter Republican Yea
Craig Snow Republican Yea
Dale DeVon Republican Yea
Dave Heine Republican Yea
David Abbott Republican Yea
Doug Miller Republican Yea
Edmond Soliday Republican Yea
Edward Clere Republican Yea
Elizabeth Rowray Republican Yea
Ethan Manning Republican Yea
Gregory Steuerwald Republican Yea
Harold Slager Republican Yea
Heath VanNatter Republican Yea
J.D. Prescott Republican Nay
Jack Jordan Republican Yea
Jake Teshka Republican Not Voting
Jeffrey Thompson Republican Yea
Jim Lucas Republican Yea
Jim Pressel Republican Yea
Joanna King Republican Yea
Julie Olthoff Republican Yea
Karen Engleman Republican Yea
Martin Carbaugh Republican Yea
Matt Hostettler Republican Nay
Matt Lehman Republican Yea
Michael Karickhoff Republican Yea
Michelle Davis Republican Yea
Mike Aylesworth Republican Yea
Peggy Mayfield Republican Yea
Robert Behning Republican Yea
Robert Heaton Republican Yea
Robert Morris Republican Yea
Ryan Lauer Republican Yea
Shane Lindauer Republican Nay
Steve Bartels Republican Nay
Timothy O'Brien Republican Yea
Timothy Wesco Republican Yea
Todd Huston Republican Yea
Wendy McNamara Republican Nay
Zach Payne Republican Nay

Official roll call →

Subjects

taxation housing labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 361 do?
Makes certain amendments to the Hoosier business investment tax credit, the economic development for a growing economy tax credit, the headquarters relocation tax credit, and the redevelopment tax credit. Adds veteran owned businesses to the list of businesses that would qualify for an enhanced venture capital tax credit. Limits the total amount of credits that the Indiana economic development corporation (IEDC) may award for a calendar year for all taxpayers for all applicable tax credits to $300,000,000. Specifies the procedure by which the IEDC may designate an area as an innovation development district (district). Requires the IEDC to enter into an agreement with the executive of a city, town, or county, or, if applicable, executives, with territory located in the district establishing the terms and conditions governing certain districts. Requires the IEDC to establish a local innovation development district fund for each district. Provides that money in a local innovation development district fund is continuously appropriated for the uses of the fund. Authorizes a county, city, or town to establish a workforce retention and recruitment program and fund (fund) for the purposes of recruiting and retaining individuals who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit, including providing incentives in the form of grants or loans to qualified workers. Authorizes the unit to transfer money into the fund from other sources. Provides that the executive of the unit shall administer the fund in coordination with a workforce fund board of managers appointed by the executive of the unit. Provides that the IEDC may award a tax credit for media production expenses for certain media productions in Indiana. Provides for the augmentation of the amount appropriated to the IEDC in an amount not to exceed $300,000,000 for the purposes of business promotion and innovation. Specifies that funds appropriated to the IEDC for the purposes of business promotion and innovation do not revert to the state general fund. Requires the IEDC to identify state laws and regulations that burden existing businesses or inhibit creation of new businesses and provide a report with recommendations to the general assembly and budget committee. Makes conforming changes.
Who sponsors SB 361?
SB 361 is sponsored by Ryan Mishler (Republican), Travis Holdman (Republican), David Niezgodski (Democrat), Justin Busch (Republican), James Buck (Republican), Mike Gaskill (Republican), Ron Alting (Republican), Eddie Melton, Lonnie Randolph (Democrat), Craig Snow (Republican), Jack Jordan (Republican), Carey Hamilton (Democrat), Liz Brown (Republican), and J.D. Ford (Democrat).
What is the current status of SB 361?
This bill has been enacted into law. Introduced January 11, 2022. Enacted.
Where can I track SB 361?
Track SB 361 free on One Click Politics — get push/email alerts when it moves.

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