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House Bill 1426


 

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House Bill 1426

ARCHIVE (2007)

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DIGEST OF HB 1426 (Updated April 29, 2007 5:07 pm - DI 113)

Economic incentives accountability. Requires that the Indiana economic development corporation (corporation) report on certain tax credits, loans, and grants awarded or approved by the corporation, including the extent of compliance with representations that recipients made in the course of obtaining the benefits. Provides that the corporation may seek to reclaim parts of certain loans and grants if the entity to which the loan or grant is awarded has not, in the absence of good cause, complied with the representations that the entity made in obtaining the loan or grant. Repeals separate requirements that the corporation make annual reports concerning: (1) the economic development for a growing economy (EDGE) tax credit program; and (2) the Hoosier business investment tax credit program.
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 Law Enacted
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