*HB1615.2*
February 13, 2025
HOUSE BILL No. 1615
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DIGEST OF HB 1615 (Updated February 11, 2025 7:41 pm - DI 125)
Citations Affected: IC 36-7.
Synopsis: Certified technology park. Provides that if a Level 2
certified technology park (park): (1) has reached the limit of deposits
for a Level 2 park; (2) maintains its certification; and (3) is located
within a military base enhancement area; the park shall become a Level
3 park upon reaching its Level 2 deposit limit. Provides that a Level 3
park may receive an additional annual incremental income tax deposit
of up to $250,000.
Effective: July 1, 2025.
Lindauer, Judy, Heine, Manning
January 21, 2025, read first time and referred to Committee on Veterans Affairs and Public
Safety.
January 27, 2025, reported — Do Pass. Referred to Committee on Ways and Means
pursuant to Rule 126.3.
February 13, 2025, amended, reported — Do Pass.
HB 1615—LS 6748/DI 116 February 13, 2025
First Regular Session of the 124th General Assembly (2025)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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between statutes enacted by the 2024 Regular Session of the General Assembly.
HOUSE BILL No. 1615
A BILL FOR AN ACT to amend the Indiana Code concerning local
government.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 36-7-32-8.5, AS AMENDED BY P.L.154-2020,
2 SECTION 50, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3 JULY 1, 2025]: Sec. 8.5. As used in this chapter, "income tax
4 incremental amount" means the following:
5 (1) Except as provided in subdivision (2), the remainder of:
6 (A) the total amount of state adjusted gross income taxes and
7 local income taxes paid by employees employed in the
8 territory comprising the certified technology park with respect
9 to wages and salary earned for work in the territory comprising
10 the certified technology park for a particular state fiscal year;
11 minus
12 (B) the sum of the:
13 (i) income tax base period amount as defined in section 8 of
14 this chapter; and
15 (ii) tax credits awarded by the Indiana economic
16 development corporation under IC 6-3.1-13 to businesses
17 operating in a certified technology park as the result of
HB 1615—LS 6748/DI 116 2
1 wages earned for work in the certified technology park for
2 the state fiscal year;
3 as determined by the department of state revenue.
4 (2) In the case of a certified technology park for which the amount
5 limit under section 22(c), or 22(d), or 22(e) of this chapter has
6 been exceeded, the remainder of:
7 (A) the total amount of state adjusted gross income taxes and
8 local income taxes paid by employees employed in the
9 territory comprising the certified technology park with respect
10 to wages and salary earned for work in the territory comprising
11 the certified technology park for a particular state fiscal year;
12 minus
13 (B) the sum of the:
14 (i) income tax base period amount as defined in section 8 of
15 this chapter; and
16 (ii) tax credits awarded by the Indiana economic
17 development corporation under IC 6-3.1-13 to businesses
18 operating in a certified technology park as the result of
19 wages earned for work in the certified technology park for
20 the state fiscal year;
21 as determined by the department of state revenue.
22 SECTION 2. IC 36-7-32-22, AS AMENDED BY P.L.236-2023,
23 SECTION 188, IS AMENDED TO READ AS FOLLOWS
24 [EFFECTIVE JULY 1, 2025]: Sec. 22. (a) The treasurer of state shall
25 establish an incremental tax financing fund for each certified
26 technology park designated under this chapter. The fund shall be
27 administered by the treasurer of state. Money in the fund does not
28 revert to the state general fund at the end of a state fiscal year.
29 (b) Subject to subsection (c), the following amounts shall be
30 deposited during each state fiscal year in the incremental tax financing
31 fund established for a certified technology park under subsection (a):
32 (1) The aggregate amount of state gross retail and use taxes that
33 are remitted under IC 6-2.5 by businesses operating in the
34 certified technology park, until the amount of state gross retail
35 and use taxes deposited equals the gross retail incremental
36 amount for the certified technology park.
37 (2) Except as provided in subdivision (3), the aggregate amount
38 of the following taxes paid by employees employed in the
39 certified technology park with respect to wages earned for work
40 in the certified technology park, until the amount deposited equals
41 the income tax incremental amount as defined in section 8.5(1) of
42 this chapter:
HB 1615—LS 6748/DI 116 3
1 (A) The adjusted gross income tax.
2 (B) The local income tax (IC 6-3.6).
3 (3) In the case of a certified technology park to which subsection
4 (e) applies, the amount determined under subsection (e), if any.
5 (c) Except as provided in subsections (d), and (e), and (f), not more
6 than a total of five million dollars ($5,000,000) may be deposited in a
7 particular incremental tax financing fund for a certified technology
8 park over the life of the certified technology park.
9 (d) Except as provided in subsection (e), subsections (e) and (f), in
10 the case of a certified technology park that is operating under a written
11 agreement entered into by two (2) or more redevelopment
12 commissions, and subject to section 26(b)(4) of this chapter:
13 (1) not more than a total of five million dollars ($5,000,000) may
14 be deposited over the life of the certified technology park in the
15 incremental tax financing fund of each redevelopment
16 commission participating in the operation of the certified
17 technology park; and
18 (2) the total amount that may be deposited in all incremental tax
19 financing funds, over the life of the certified technology park, in
20 aggregate, may not exceed the result of:
21 (A) five million dollars ($5,000,000); multiplied by
22 (B) the number of redevelopment commissions that have
23 entered into a written agreement for the operation of the
24 certified technology park.
25 (e) If a certified technology park has reached the limit on deposits
26 under subsection (c) or (d) and maintains its certification under section
27 11(c) of this chapter, the certified technology park shall become a
28 Level 2 certified technology park and an additional annual deposit
29 amount shall be deposited in the incremental tax financing fund for the
30 certified technology park equal to the following:
31 (1) For a certified technology park to which subsection (c)
32 applies, the lesser of:
33 (A) the income tax incremental amount as defined in section
34 8.5(2) of this chapter; or
35 (B) two hundred fifty thousand dollars ($250,000).
36 (2) For a certified technology park to which subsection (d)
37 applies, the lesser of:
38 (A) the aggregate income tax incremental amounts as defined
39 in section 8.5(2) of this chapter attributable to each
40 redevelopment commission that has entered into a written
41 agreement for the operation of the certified technology park;
42 or
HB 1615—LS 6748/DI 116 4
1 (B) two hundred fifty thousand dollars ($250,000) multiplied
2 by the number of redevelopment commissions that have
3 entered into a written agreement for the operation of the
4 certified technology park.
5 (3) The following apply to deposits under this subsection:
6 (A) If a certified technology park reached its limit on deposits
7 based on a state fiscal year ending before July 1, 2020, the
8 certified technology park shall receive deposits based on the
9 income tax incremental amount as defined in section 8.5(2) of
10 this chapter for each state fiscal year ending after June 30,
11 2019.
12 (B) If a certified technology park reached its limit on deposits
13 based on a state fiscal year ending after June 30, 2020, the
14 certified technology park shall receive deposits based on the
15 income tax incremental amount as defined in section 8.5(2) of
16 this chapter for the state fiscal year in which it reached its limit
17 on deposits under subsection (c) or (d) and each state fiscal
18 year thereafter.
19 (C) If a certified technology park is permitted to receive
20 deposits under this subsection during the state fiscal year in
21 which it reached its limit on deposits under subsection (c) or
22 (d), the income tax incremental amount for purposes of
23 subdivision (1)(A) or (1)(B) for that state fiscal year shall be
24 reduced by an amount equal to:
25 (i) the deposit amount for the state fiscal year under
26 subsection (b) required to reach the limit on deposits under
27 subsection (c) or (d); minus
28 (ii) the gross retail incremental amount determined under
29 section 6.5 of this chapter;
30 but not less than zero (0).
31 (f) This subsection applies to a certified technology park that is
32 located within a qualified military base enhancement area under
33 IC 36-7-34. If a certified technology park has reached the limit on
34 deposits under subsection (e) and maintains its certification under
35 section 11(c) of this chapter, the certified technology park shall
36 become a Level 3 certified technology park and an additional
37 annual deposit amount shall be deposited in the incremental tax
38 financing fund for the certified technology park equal to the lesser
39 of:
40 (1) the aggregate income tax incremental amounts as defined
41 in section 8.5(2) of this chapter attributable to each
42 redevelopment commission that has entered into a written
HB 1615—LS 6748/DI 116 5
1 agreement for the operation of the certified technology park;
2 or
3 (2) two hundred fifty thousand dollars ($250,000) multiplied
4 by the number of redevelopment commissions that have
5 entered into a written agreement for the operation of the
6 certified technology park.
7 (f) (g) This subsection applies to a Level 2 or Level 3 certified
8 technology park designated in subsection (e) or (f). When the Indiana
9 economic development corporation recertifies a certified technology
10 park as required under section 11 of this chapter, the corporation shall
11 make a determination of whether the certified technology park shall
12 continue to be designated as a Level 2 or Level 3 certified technology
13 park.
14 (g) (h) On or before the twentieth day of each month, all amounts
15 held in the incremental tax financing fund established for a certified
16 technology park shall be distributed to the redevelopment commission
17 for deposit in the certified technology park fund established under
18 section 23 of this chapter.
HB 1615—LS 6748/DI 116 6
COMMITTEE REPORT
Mr. Speaker: Your Committee on Veterans Affairs and Public
Safety, to which was referred House Bill 1615, has had the same under
consideration and begs leave to report the same back to the House with
the recommendation that said bill do pass.
(Reference is to HB 1615 as introduced.)
BARTELS
Committee Vote: Yeas 11, Nays 0
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COMMITTEE REPORT
Mr. Speaker: Your Committee on Ways and Means, to which was
referred House Bill 1615, has had the same under consideration and
begs leave to report the same back to the House with the
recommendation that said bill be amended as follows:
Delete the title and insert the following:
A BILL FOR AN ACT to amend the Indiana Code concerning local
government.
Page 1, delete lines 1 through 17.
Delete pages 2 through 3.
Page 4, delete lines 1 through 40.
Page 8, line 18, delete "five hundred thousand dollars ($500,000)"
and insert "two hundred fifty thousand dollars ($250,000)".
Page 8, delete lines 34 through 42.
Delete page 9.
Renumber all SECTIONS consecutively.
and when so amended that said bill do pass.
(Reference is to HB 1615 as printed January 27, 2025.)
THOMPSON
Committee Vote: yeas 19, nays 0.
HB 1615—LS 6748/DI 116