HOUSE BILL No. 1074
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-3.1-10-4.
Synopsis: Enterprise zone investment cost credit. Provides that trusts,
estates, corporations, and pass through entities that make qualified
investments in enterprise zone businesses may claim the enterprise
zone investment cost credit. (Current law allows only individuals to
claim the credit, except in Vigo County where pass through entities are
Effective: January 1, 2007.
January 5, 2006, read first time and referred to Committee on Commerce, Economic
Development and Small Business.
Second Regular Session 114th General Assembly (2006)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type
, and deletions will appear in
this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type
. Also, the
will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type
this style type
between statutes enacted by the 2005 Regular Session of the General Assembly.
HOUSE BILL No. 1074
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-3.1-10-4; (06)IN1074.1.1. -->
SECTION 1. IC 6-3.1-10-4 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JANUARY 1, 2007]: Sec. 4.
(a) As used in
this chapter, "taxpayer" means any: individual that has any state tax
(2) corporation; or
(3) pass through entity;
that has any state tax liability.
(b) Notwithstanding subsection (a), for a credit for a qualified
investment in a business located in an enterprise zone in a county
having a population of more than one hundred five thousand (105,000)
but less than one hundred ten thousand (110,000), "taxpayer" includes
a pass through entity.
SOURCE: ; (06)IN1074.1.2. -->
SECTION 2. [EFFECTIVE JANUARY 1, 2007] IC 6-3.1-10-4, as
amended by this act, applies to taxable years beginning after
December 31, 2006.