Fabio
125 lines
11 KiB
Markdown
125 lines
11 KiB
Markdown
---
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type: "Bill"
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title: "Economic development."
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description: "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."
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jurisdiction: "us/states/in"
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legislature: "Indiana General Assembly"
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session: "2022"
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identifier: "SB 361"
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citation: "Indiana SB 361 (2022)"
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classification: ["bill"]
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subjects: ["CORPORATIONS", "ECONOMIC DEVELOPMENT CORPORATION", "INDIANA", "ECONOMIC DEVELOPMENT generally"]
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status: "enacted"
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primary_sponsors: ["David Niezgodski", "Ryan Mishler", "Timothy Brown", "Travis Holdman"]
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version_count: 6
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action_count: 50
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vote_count: 1
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first_action: "2022-01-11"
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last_action: "2022-03-15"
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source: "openstates"
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source_identifier: "ocd-bill/b75efca0-c9fd-4d6a-9ea5-a1fa2beab247"
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source_url: "http://iga.in.gov/legislative/2022/bills/senate/361"
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source_hash: "14e6c3f996c5c5ff763afb7b2559f995be46d42f77ca21a8b501d82444da5329"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-in"]
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---
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# Indiana SB 361 (2022) — Economic development.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Engrossed Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0361/versions/SB0361.05.ENGH)
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2. **Engrossed Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0361/versions/SB0361.03.ENGS)
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3. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0361/versions/SB0361.06.ENRH)
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4. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0361/versions/SB0361.01.INTR)
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5. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0361/versions/SB0361.04.COMH)
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6. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2022/bills/SB0361/versions/SB0361.02.COMS)
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## Votes
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- SB 361 - Brown, T. - 3rd Reading — **69–27** (pass) · lower
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## Sponsors
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- David Niezgodski — primary (person)
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- Ryan Mishler — primary (person)
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- Timothy Brown — primary (person)
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- Travis Holdman — primary (person)
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- Carey Hamilton — cosponsor (person)
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- Craig Snow — cosponsor (person)
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- Eddie Melton — coauthor (person)
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- Jack Jordan — cosponsor (person)
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- James Buck — coauthor (person)
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- Jon Ford — coauthor (person)
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- Justin Busch — coauthor (person)
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- Lonnie Randolph — coauthor (person)
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- Mike Gaskill — coauthor (person)
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- Ron Alting — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-01-11** Authored by Senator Mishler
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- **2022-01-11** First reading: referred to Committee on Appropriations `reading-1, referral-committee`
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- **2022-01-24** Senator Holdman added as second author
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- **2022-01-24** Senator Ford Jon added as coauthor
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- **2022-01-27** Committee report: amend do pass, adopted `committee-passage`
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- **2022-01-31** Senator Busch added as coauthor
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- **2022-01-31** Amendment #1 (Mishler) prevailed; voice vote `amendment-failure, amendment-passage`
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- **2022-01-31** Second reading: amended, ordered engrossed `reading-2`
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- **2022-02-01** Senator Niezgodski added as third author
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- **2022-02-01** Senators Buck, Gaskill, Alting added as coauthors
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- **2022-02-01** Third reading: passed; Roll Call 182: yeas 48, nays 1 `passage, reading-3`
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- **2022-02-01** House sponsor: Representative Brown T
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- **2022-02-01** Cosponsors: Representatives Snow C and Jordan
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- **2022-02-02** Referred to the House
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- **2022-02-08** First reading: referred to Committee on Ways and Means `reading-1, referral-committee`
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- **2022-02-08** Representative Hamilton added as cosponsor
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- **2022-02-22** Committee report: amend do pass, adopted `committee-passage`
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- **2022-02-24** Amendment #10 (Brown T) prevailed; voice vote `amendment-failure, amendment-passage`
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- **2022-02-24** Amendment #9 (Heine) prevailed; voice vote `amendment-failure, amendment-passage`
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- **2022-02-24** Amendment #6 (Hamilton) ruled out of order `amendment-failure`
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- **2022-02-24** Amendment #12 (Thompson) prevailed; voice vote `amendment-failure, amendment-passage`
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- **2022-02-24** Amendment #13 (Judy) prevailed; voice vote `amendment-failure, amendment-passage`
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- **2022-02-24** Amendment #2 (Porter) failed; Roll Call 279: yeas 24, nays 67 `amendment-failure`
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- **2022-02-24** Amendment #3 (Porter) failed; Roll Call 280: yeas 27, nays 64 `amendment-failure`
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- **2022-02-24** Appeal the ruling of the chair (Hamilton); ruling of the chair sustained. Roll Call 278: yeas 64, nays 28
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- **2022-02-24** Amendment #5 (DeLaney) failed; Roll Call 281: yeas 24, nays 64 `amendment-failure`
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- **2022-02-24** Second reading: amended, ordered engrossed `reading-2`
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- **2022-02-28** Third reading: passed; Roll Call 300: yeas 69, nays 27 `passage, reading-3`
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- **2022-03-01** Returned to the Senate with amendments `amendment-failure`
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- **2022-03-01** Motion to dissent filed
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- **2022-03-01** Senate dissented from House amendments `amendment-failure`
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- **2022-03-02** House conferees appointed: Brown T and Hamilton
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- **2022-03-02** House advisors appointed: Rowray, Jordan, Aylesworth, Cherry, Thompson, Snow and Porter
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- **2022-03-02** Senate conferees appointed: Mishler and Niezgodski
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- **2022-03-02** Senate advisors appointed: Holdman and Melton
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- **2022-03-03** Senator Melton removed as advisor
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- **2022-03-03** Senator Niezgodski removed as conferee
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- **2022-03-03** Senator Melton added as conferee
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- **2022-03-03** Senator Niezgodski added as advisor
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- **2022-03-07** Senator Melton added as coauthor
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- **2022-03-08** CCR # 1 filed in the Senate
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- **2022-03-08** CCR # 1 filed in the House
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- **2022-03-08** Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 362: yeas 50, nays 0
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- **2022-03-08** Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 391: yeas 70, nays 22
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- **2022-03-08** Senator Randolph added as coauthor
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- **2022-03-09** Signed by the Speaker
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- **2022-03-09** Signed by the President Pro Tempore
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- **2022-03-15** Public Law 135
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- **2022-03-15** Signed by the Governor `executive-signature`
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- **2022-03-15** Signed by the President of the Senate
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b75efca0-c9fd-4d6a-9ea5-a1fa2beab247`. Confidence: reported (aggregated from official Indiana legislature records).
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