Legislative Action

Your 2017 Legislative Return on Investment

In this annual financial impact assessment, learn what the Indiana Chamber’s lobbying efforts at the Statehouse mean to your bottom line. The 2017 General Assembly saw the Chamber advocate for and achieve numerous public policy victories that will have a lasting positive impact on the state’s economy and the prosperity of its residents. Additionally, the Chamber defeated several measures that would have cost businesses over $250 million. (*Printable document*)

In total, the Chamber’s work yielded savings of $1.575 billion for Hoosier businesses OR $587 per employee. Specific savings are listed below by bill and subject matter, in total and per employee. In total, the Chamber’s work yielded savings of $1.575 billion for Hoosier businesses OR $587 per employee. Specific savings are listed below by bill and subject matter, in total and per employee.

Business Savings:
$1.575 billion or $587 per employee

Civil Justice
Sound judicial system in Marion County (HEA 1036)
 
$20 million; $7.46/employee
Defeated – Erosion of Tax Court expertise (SB 546) $10 million; $3.73/employee
Economic Development and Infrastructure
Long-term road funding (HEA 1002) Long-term road funding (HEA 1002) 

$850 million; $317.07/employee
Next Level Generation Fund, 21st Century Research and Technology Fund, and Business Promotion and Innovation Fund (HEA 1001)    $95 million; $35.44/employee
Education and Workforce Development
Funding for expansion of pre-kindergarten program (HEA 1001)     
$40 million; $14.92/employee
More effective use of workforce data (HEA 1008)  $10 million; $3.73/employee
Energy and Environment
Defeated – Unjustified cost-shifting among ratepayers (HB 1567)

 $40 million; $14.92/employee 
Better water resource management (HEA 1121, HEA 1519 and SEA 416)  $15 million; $5.60/employee
Stabilization of utility rates (SEA 309)  $10 million; $3.73/employee
Revisions to administrative procedures (HEA 1234, SEA 421 and SEA 472)  $10 million; $3.73/employee
Defeated – opposition to unreasonable regulatory burdens (SB 326)  $10 million; $3.73/employee
Labor
Defeated – Paid leave policies (HB 1183 and HB 1528) 

$30 million; $11.19/employee
Defeated – Overtime payment mandates (SB 128)    $30 million; $11.19/employee
Defeated – Mandated increases in minimum wage (SB 252 and SB 318)  $25 million; $9.33/employee
Defeated – Restrictive hiring practice order (ban of “ban the box”; SB 312)  $20 million; $7.46/employee
Taxation 
Protection of school bond ratings (SEA 260) 

$150 million; $55.95/employee
Online sales tax collection (HEA 1129)  $100 million; $37.30/employee
Defeated – Non-market changes to business property assessments (HB 1371)  $50 million; $18.65/employee
Defeated – Elimination of annual adjustments to real property assessments (SB 164)  $50 million; $18.65/employee
Procedural improvements to tax disputes (SEA 386 and SEA 440)    $10 million; $3.73/employee
Total Savings for Indiana Business: $1.575 BillionTotal Savings Per Employee: $587

Your Return on Investment
10 employees = savings of $5,870
25 employees = savings of $14,675
50 employees = savings of $29,350
100 employees = savings of $58,700
200 employees = savings of $117,400
500 employees = savings of $293,500

IMPORTANT NOTES: Business impact calculations are based on fiscal impact estimates of the Legislative Services Agency, independent studies, other available data and research materials, and Indiana Chamber analysis. Business impact per employee is calculated by using the estimated number of employed workers statewide in April 2017 (2,680,800).
 

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