Establishes a regional economic development initiative endowment pool (endowment pool). Authorizes regional development authorities to enter into an agreement with the treasurer of state to establish an operating account or a capital account within the endowment pool. Specifies the provisions that apply to endowment pool funds and account distributions. Establishes the Indiana regional economic development investment pool board (board). Requires the board to establish policies regarding the administration and investment of funds in the endowment pool. Amends and adds provisions regarding the regional development tax credit. Amends provisions that limit the aggregate amount of applicable tax credits that the Indiana economic development corporation may certify each state fiscal year. Authorizes a regional development authority to establish a regional development advisory council. Establishes a state income tax credit for qualified contributions to a Trump account. Defines "qualified contribution" for purposes of the credit. Specifies the amount of the credit.

Statutes affected:
Introduced Senate Bill (S): 5-28-6-9, 6-3.1-34-11, 6-3.1-34-15, 6-3.1-34-16, 6-3.1-34-17, 6-3.1-34-18, 6-3.1-34-23, 36-7.6-2-3