§ 5-28-28-6 — Economic incentives and compliance report; required elements

Indiana § 5-28-28-6

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 28: State Economic Incentives and Compliance Report

Text

The economic incentives and compliance
report required under section 5 of this chapter must include at least the
following:
(1) The total for each of the following:
(A) The number and amount of tax credits, loans, and grants
contractually awarded by the corporation.
(B) The amount of investments made by the recipients of the
tax credits, loans, and grants.
(C) The number of actual jobs created and the number of jobs
expected through the reporting year, as reviewed by an
independent auditing firm chosen by the corporation.
(D) The amount of recaptured incentives for the reporting year
and the total number of recipients.
(E) The number and amount of tax credits claimed for the
reporting year, as reported by the department of state revenue
to the corporation by December 31 of each year.
(2) With respect to each recipient of a tax credit, loan, or grant
referred to in subdivision (1), the following:
(A) The name, county, and municipality (if any) of the
recipient.
(B) The amount of tax credits certified to the recipient, and the
amount of grants and loans actually paid out, during the term of
the agreement.
(C) The purpose of the tax credit, loan, or grant.
(D) The performance goals for the reporting year, including the
following:
(i) Numbers of employees to be hired, retained, or trained.
(ii) If a financial investment by the recipient was a condition
for providing an incentive, the amount of the financial
investment that the recipient expects to make in Indiana as a
result of the project for which the incentive was granted.
(E) Certification by the corporation that the recipient is
complying with the terms of the incentive agreement.

Legislative History

As added by P.L.222-2007, SEC.1. Amended by P.L.175-2013, SEC.7; P.L.2-2014, SEC.17.