Open States

  1. Introduced Jan 7, 2013
  2. Passed Senate Feb 26, 2013
  3. Passed House Mar 26, 2013
  4. Signed into Law May 7, 2013

SB 162

Indiana Senate Bill

Economic development reporting. Provides that an incentive agreement between the Indiana economic development corporation (IEDC) and an incentive recipient is available after the date the agreement is executed, regardless of whether negotiations may be in progress with that recipient after that date. Provides that a recipient must provide information about its financial investment if a financial investment was a condition for an incentive. Requires the IEDC to include in its annual compliance report aggregate information on performance goals, the total number of actual jobs created and the number of jobs expected, as reviewed by an independent auditing firm chosen by the corporation, recaptured incentives, total number of recipients, and tax credits claimed for the reporting period. Provides that the compliance report is to include the county or municipality of the recipient instead of the recipient's address. Requires the compliance report to include a certification by the corporation that each recipient is complying with the terms of the incentive agreement (current law requires a certification of whether each recipient is meeting the program requirements and representations made in the recipient's application concerning the wages and compensation provided to employees, other benefits to be provided to employees, and the extent to which the recipient has complied with the representations). Changes the timing of the IEDC's annual compliance report from a state fiscal year to a calendar year and specifies that the report is to include cumulative information on active recipients from 2005 instead of 2007. Adds cross-references to recently enacted tax credits. Repeals a duplicate statute concerning the requirement that the IEDC disclose the terms of a final incentive offer.
2013 Regular Session
Bill Subjects:
Commerce State Agencies Public Services
Sponsors (8):



Date Chamber  
May 13, 2013 House Public Law 175
May 7, 2013 Senate Signed by the Governor
May 3, 2013 House Signed by the Speaker
Apr 30, 2013 Senate Signed by the President Pro Tempore
Apr 30, 2013 Senate Signed by the President of the Senate
Apr 27, 2013 Senate Joint Rule 20 technical correction adopted by the Senate
Apr 26, 2013 House Joint Rule 20 technical correction adopted by the House
Mar 26, 2013 House Returned to the Senate without amendments
Mar 26, 2013 House Third reading: passed; Roll Call 342: yeas 98, nays 0 - Related Vote
Mar 25, 2013 House Amendment 2 (Pierce), failed; Roll Call 319: yeas 30, nays 64
Mar 25, 2013 House Ruling of the Chair appealed. Ruling sustained; Roll Call 318: yeas 63, nays 29
Mar 25, 2013 House Amendment 1 (Austin), ruled out of order
Mar 25, 2013 House Second reading: ordered engrossed
Mar 21, 2013 House Committee report: do pass, adopted
Mar 4, 2013 House First reading: referred to Committee on Commerce, Small Business and Economic Development
Feb 26, 2013 Senate Cosponsors: Reps. Torr, Pelath and Moed
Feb 26, 2013 Senate House sponsor: Rep. Burton
Feb 26, 2013 Senate Referred to the House
Feb 26, 2013 Senate Third reading: passed; Roll Call 206: yeas 49 and nays 1
Feb 25, 2013 Senate Second reading: ordered engrossed
Feb 7, 2013 Senate Senator Stoops added as coauthor
Feb 4, 2013 Senate Senator Breaux added as coauthor
Jan 31, 2013 Senate Senator Mrvan added as coauthor
Jan 28, 2013 Senate Senator M. Young added as coauthor
Jan 28, 2013 Senate Senator Broden added as coauthor
Jan 24, 2013 Senate Committee report: amend do pass, adopted
Jan 15, 2013 Senate Senator Becker added as coauthor
Jan 7, 2013 Senate Senator Banks added as coauthor
Jan 7, 2013 Senate First reading: referred to Committee on Tax and Fiscal Policy
Jan 7, 2013 Senate Authored by Senator Delph


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