Economic development incentive accountability.

Authors: Senator Lonnie Randolph


Economic development incentive accountability. Renames the annual "economic incentives and compliance report" in current law to the "job creation incentives and compliance report" (report). Adds various job and employee definitions to the Indiana economic development corporation (IEDC) laws. Requires an incentive recipient to submit an annual compliance report on the number of jobs created or retained, employee pay, and various other information concerning the use of the incentives, and requires the IEDC to compile this information and include it in the IEDC's annual report. Provides that information submitted in an incentive recipient's annual compliance report and other information maintained by the IEDC is publicly available in accordance with the open records law. Repeals and relocates several definitions without change to maintain alphabetical order.