Indiana House Bill 1106
Session 2023
Mine reclamation tax credit.
Became Law
Became Law on May 4, 2023
Sponsors
3 Sponsors
Shane Lindauer
Mark Messmer
Jon Ford
First Action
Jan 10, 2023
Latest Action
May 4, 2023
Origin Chamber
House
Type
Bill
Bill Number
1106
State
Indiana
Session
2023
House votes are unavailable for this bill.
Summary
Provides a mine reclamation tax credit (credit), retroactive beginning January 1, 2023, for a taxpayer that enters into an agreement with the Indiana economic development corporation (corporation) for a qualified investment for development of property located on reclaimed coal mining land. Provides that the amount of a credit that a taxpayer receives in a taxable year may not exceed the lesser of: (1) the taxpayer's qualified investment multiplied by 30%; or (2) $5,000,000. Provides that the aggregate amount of tax credits allowed may not exceed $25,000,000 over the five year period that the credit is available. Provides for the assignment of the credit by a taxpayer to certain lessees. Provides that a taxpayer is not entitled to the credit if the corporation determines that the taxpayer has substantially reduced or ceased its operations in Indiana in order to relocate them within the mine reclamation site. Provides that the tax credit expires December 31, 2027.
Enrolled House Bill (H)
April 27, 2023
Introduced House Bill (H)
January 9, 2023
House Bill (H)
February 9, 2023
Fiscal Note: HB1106.04.ENRS.FN001
Sort by most recent
05/04/2023
House
Public Law 214
05/04/2023
Office of the Governor
Signed by the Governor
05/01/2023
House
Signed by the Speaker
04/28/2023
Senate
Signed by the President Pro Tempore
04/28/2023
Senate
Signed by the President of the Senate
04/27/2023
Senate
Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 507: yeas 48, nays 1
04/26/2023
House
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 518: yeas 94, nays 0
04/26/2023
Senate
CCR # 1 filed in the Senate
04/26/2023
House
CCR # 1 filed in the House
04/14/2023
House
House advisors appointed: Heaton, Borders and Pfaff
04/14/2023
House
House conferees appointed: Lindauer and Pryor
04/13/2023
Senate
Senate advisors appointed: Melton and Ford Jon
04/13/2023
Senate
Senate conferees appointed: Messmer and Qaddoura
04/11/2023
House
House dissented from Senate amendments
04/11/2023
House
Motion to dissent filed
04/11/2023
Senate
Returned to the House with amendments
04/10/2023
Senate
Third reading: passed; Roll Call 339: yeas 49, nays 0
04/06/2023
Senate
Second reading: ordered engrossed
04/04/2023
Senate
Committee report: amend do pass, adopted
02/27/2023
Senate
First reading: referred to Committee on Tax and Fiscal Policy
02/15/2023
House
Referred to the Senate
02/14/2023
House
Senate sponsors: Senators Messmer and Ford Jon
02/14/2023
House
Third reading: passed; Roll Call 117: yeas 94, nays 0
02/13/2023
House
Second reading: ordered engrossed
02/09/2023
House
Committee report: amend do pass, adopted
01/23/2023
House
Representatives Heaton, Morrison, Borders added as coauthors
01/10/2023
House
First reading: referred to Committee on Ways and Means
01/10/2023
House
Authored by Representative Lindauer
Sources
IN Legislature
Open States
Record Created
Jan 10, 2023 3:46:48 AM
Record Updated
Nov 22, 2023 9:30:48 AM