Rep. Heuer Bill Passes House

Friday, February 18, 2011 7:00 pm

Start Date:  2/18/2011  All Day  
End Date:  2/18/2011    

Rep. Heuer's Venture Capital Tax Credit Bill Passes the House

STATEHOUSE- Rep. Heuer's (R-Columbia City) bill to increase the amount of tax credits for investment available to qualified Indiana businesses passed yesterday by a vote of 96 to 0 and will now move to the Senate for consideration.

House Bill 1008 would increase the amount of tax credits for investment in qualified Indiana businesses from $500,000 to $1,000,000. Additionally, the bill suspends the $200 application fee that a qualified Indiana business must pay for two years.  A qualified Indiana business is determined by the Indiana Economic Development Corporation (IEDC) for its potential to create jobs, bring significant capital to Indiana, and diversify Indiana' s business base.

"Passing this bill opens the door to a larger stream of money flowing into our new and growing businesses," said Rep. Heuer. "It will help create jobs and a job- friendly atmosphere to attract new businesses to Northeast Indiana."


Rep. Heuer serves District 83, which includes Whitley, Noble, and Allen counties. For the 2011 legislative session, Rep. Heuer is the vice-chair of the Local Government Committee and a member of the Education Committee and the Commerce, Small Business and Economic Development Committee.