In the conference committee report for ESB 578, delete page 63,
line 29 through page 64, line 31, begin a new paragraph and insert:
"SECTION 99. IC 6-3.1-23-5, AS AMENDED BY HEA 1033-
2005, SECTION 4, IS AMENDED TO READ AS FOLLOWS
[EFFECTIVE MAY 15, 2005]: Sec. 5. (a) A taxpayer is entitled to a
credit equal to the amount determined under section 6 of this chapter
against the taxpayer's state tax liability for a taxable year if the
following requirements are satisfied:
(1) The taxpayer does the following:
(A) Makes a qualified investment in that taxable year.
(B) Submits the following to the Indiana development finance
authority:
(i) A description of the taxpayer's proposed redevelopment
of the property.
(ii) The sources and amounts of money to be used for the
remediation and proposed redevelopment of the property.
(iii) An estimate of the value of the remediation and
proposed redevelopment.
(iv) A description documenting any good faith attempts to
recover the costs of the environmental damages from liable
parties.
(v) Proof of appropriate zoning for the intended reuse.
(vi) A letter supporting the proposed project and
redevelopment from the legislative body.
(vii) The documentation described in subsection (b).
12(d)(2)(A) of this chapter; or
(B) the certification issued by the department of environmental
management in response to a request under section
12(d)(2)(B) of this chapter.
(3) Proof of payment of the certified qualified investment.
(4) The certification received by the taxpayer under section 5(c)
of this chapter.
(5) Information that the department determines is necessary for
the calculation of the credit provided by this chapter.".
In the conference committee report for ESB 578, page 65, line 33,
after "IC 6-3.1-23-15" insert ", AS AMENDED BY HEA 1033-2005,
SECTION 8,".
In the conference committee report for ESB 578, page 65, line 35,
delete "one" and insert "two".
In the conference committee report for ESB 578, page 65, line 36,
delete "($1,000,000)" and insert "($2,000,000)".
In the conference committee report for ESB 578, page 66, line 16,
delete "subaccount of the".
In the conference committee report for ESB 578, page 66, line 19,
delete "December 31" and insert "June 30".
(Reference is to ESB 578 as reprinted March 29, 2005, and as
amended by the conference committee report adopted April 29, 2005.)