Indiana SB0264 amends the Economic Development for a Growing Economy (EDGE) tax credit to increase credit value for new job creation and allow.

Indiana SB0264 modifies the EDGE tax credit program to enhance incentives for businesses. It allows the Indiana Economic Development Corporation to increase the credit value for companies creating new jobs in Indiana based on relocation expenses. Additionally, it permits the corporation to award credits to businesses retaining existing jobs by increasing wages for full-time employees by at least 25%. The credit amount is determined by various factors, including the economy of the county, potential impact on Indiana's economy, and the average wage paid by the applicant.

Indiana SB0264 amends the Economic Development for a Growing Economy (EDGE) tax credit to increase credit value for new job creation and allow.

Indiana SB0264 modifies the EDGE tax credit program to enhance incentives for businesses. It allows the Indiana Economic Development Corporation to increase the credit value for companies creating new jobs in Indiana based on relocation expenses. Additionally, it permits the corporation to award credits to businesses retaining existing jobs by increasing wages for full-time employees by at least 25%. The credit amount is determined by various factors, including the economy of the county, potential impact on Indiana's economy, and the average wage paid by the applicant.