[r63] Rep. Messmer's bill creating tax and hiring incentives signed into law

Posted by: Zach Weismiller  | Thursday, June 2, 2011

STATEHOUSE - State Rep. Mark Messmer (R-Jasper) and many House Republican members were present today at the Statehouse as the governor signed into law several bills providing additional economic development tools to communities in order to better foster job growth. Included in those was House Enrolled Act 1007, authored by Rep. Messmer that will create tax and hiring incentives in communities across Indiana.

"Creating jobs for Hoosiers was a top priority for me this session," said Rep. Messmer. "This legislation will help struggling Hoosiers by promoting a healthy economic climate that will attract businesses and jobs to our state and our district. It will also provide local incentives and tax breaks for both Hoosiers and Hoosier employers."

Rep. Messmer, along with his House Republican colleagues, presented the "Strengthen Indiana Plan" at the start of session, laying out what their goals for the 2011 legislative session. A large part of the legislation introduced was promoting Hoosier job creation. The following bills passed this legislative session and now have been signed into law:

# House Enrolled Act 1004 enhances the Venture Capital Investment Tax Credit to improve access to capital for fast growing Indiana companies. Additionally, it will make Indiana more desirable to out-of-state businesses by lowering our corporate tax rate, thus creating more economic development in our state.

House Enrolled Act 1005 establishes the Dinosaur Building Tax Credit, which lowers requirements deeming a building vacant so businesses will repurpose warehouses and factories in order to employ more Hoosiers. 

House Enrolled Act 1006 creates an one-stop-shop for new and existing businesses, while also promoting economic development locally and regionally. In addition, the new law will encourage coordination between universities, high schools and state agencies to create an entrepreneurial curriculum.

House Enrolled Act 1007allows enhanced abatement schedules and hiring incentives to encourage local job growth. HEA 1007 also extends tax incentive options for locals to exempt enterprise information technology in order to attract high-tech companies offering high-paying jobs.

"I am very happy to see these bills that will help create jobs in Indiana and allow Hoosier families to prosper be signed into law," said Rep. Messmer.