Indiana 2023 Regular Session Status: Enacted Bipartisan · 5 R · 2 D cosponsors

SB 271 — Certified technology parks.

Last action — Public Law 105

  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, 2023. Enacted.

Odds of enactment

High chance

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

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

Prognosis

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 7 sponsors

    3 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (5 R · 2 D) — cross-party backing.

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

Summary

Specifies additional information that a certified technology park (park) is required to provide to the Indiana economic development corporation (corporation) in the course of a review. Provides that if a park has reached the limit on deposits and maintains its certification, the park shall become a Level 2 park. Increases, from $100,000 to $250,000, the annual additional incremental income tax deposit amount that a park captures once it has reached its limit on deposits. Clarifies the calculation of the additional incremental income tax deposit amount in the year in which a park reaches its limit on deposits. Provides that when the corporation certifies a Level 2 park, the corporation shall make a determination of whether the park shall continue to be designated as a Level 2 park. Requires the corporation to report to the budget committee certain information pertaining to businesses located in each park on a biennial basis.

Bill Text

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

Read SB 271 on the official Indiana source →

Action History

  1. Public Law 105

  2. Signed by the Governor

  3. Signed by the President of the Senate

  4. Signed by the Speaker

  5. Signed by the President Pro Tempore

  6. Senate concurred in House amendments; Roll Call 352: yeas 48, nays 0

  7. Motion to concur filed

  8. Returned to the Senate with amendments

  9. Third reading: passed; Roll Call 353: yeas 96, nays 0

  10. Representative Pierce M added as cosponsor

  11. Second reading: ordered engrossed

  12. Committee report: amend do pass, adopted

  13. Representatives Rowray E and Heine added as cosponsors

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

  15. Referred to the House

  16. Senator Randolph added as coauthor

  17. House sponsor: Representative Snow

  18. Third reading: passed; Roll Call 50: yeas 49, nays 0

  19. Second reading: amended, ordered engrossed

  20. Amendment #1 (Melton) prevailed; voice vote

  21. Senator Holdman added as second author

  22. Committee report: amend do pass, adopted

  23. First reading: referred to Committee on Appropriations

  24. Authored by Senator Buchanan

Sponsors

Sponsorship breakdown

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3 sponsors · 4 co-sponsors · 143 not signed on

Sponsors (3)

Co-sponsors (4)

Not signed on (143)

143 members have not signed on to this bill.

Show all 143 →

"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

Subjects

finance technology
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 271 do?
Specifies additional information that a certified technology park (park) is required to provide to the Indiana economic development corporation (corporation) in the course of a review. Provides that if a park has reached the limit on deposits and maintains its certification, the park shall become a Level 2 park. Increases, from $100,000 to $250,000, the annual additional incremental income tax deposit amount that a park captures once it has reached its limit on deposits. Clarifies the calculation of the additional incremental income tax deposit amount in the year in which a park reaches its limit on deposits. Provides that when the corporation certifies a Level 2 park, the corporation shall make a determination of whether the park shall continue to be designated as a Level 2 park. Requires the corporation to report to the budget committee certain information pertaining to businesses located in each park on a biennial basis.
Who sponsors SB 271?
SB 271 is sponsored by Matt Pierce (Democrat), Dave Heine (Republican), Elizabeth Rowray (Republican), Craig Snow (Republican), Lonnie Randolph (Democrat), Travis Holdman (Republican), and Brian Buchanan (Republican).
What is the current status of SB 271?
This bill has been enacted into law. Introduced January 11, 2023. Enacted.
Where can I track SB 271?
Track SB 271 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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