Increases the maximum amount of an additional annual deposit amount for a Level 2 certified technology park (park) to: (1) $500,000; or (2) $500,000 multiplied by the number of redevelopment commissions that have entered into a written agreement for the operation of the Level 2 park; as applicable. Provides that if a Level 2 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 Level 2 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.
Statutes affected: Introduced House Bill (H): 4-3-21.5-11, 36-7-32-8.5, 36-7-32-22
House Bill (H): 4-3-21.5-11, 36-7-32-8.5, 36-7-32-22
House Bill (S): 36-7-32-8.5, 36-7-32-22