Randy Head_standingIn his Senate Update, Senator Randy Head said, “I am working to advance ideas that will improve our state and local communities.”Senator Head is keeping his constituents up to date on some of the legislative proposals he’s authored this session.

You can click on the bill numbers below to learn more about some of the legislative proposals Senator Head has:

  • SB 476 – School capital project fund levies…Requires the department of local government finance to adjust the maximum capital projects fund rate of the Peru Community School Corporation for property taxes first due and payable in 2016 and thereafter. Provides that the recalculation shall be done by excluding negative numbers from the adjustment formula for any years during the period 2007 through 2015 in which the school corporation’s assessed value decreased from the preceding year.
  • SB 477 – Business development closing fund…Establishes the business development closing fund (fund) to provide incentives in the form of forgivable loans to be used to attract new business and economic development to Indiana and encourage expansion of existing business in Indiana. Provides that if the amount of excess reserves is more than $200 million, then up to $100 million of the excess reserves that exceed $200 million shall be transferred to the fund. Provides that the Indiana economic development corporation (IEDC) administers the fund.

 

For a full list of his proposed legislation, click here.

The deadline to file bills was Janusary14. Bills will now be assigned to a committee where they could receive a hearing in the weeks ahead.

Senator Head said, “You can track the progress of my bills and other legislation atwww.in.gov/iga. Please let me know if you have questions about these or other proposals moving through the legislative process.”