Income Tax - Angel Investor Tax Credit Program
Sponsor: Senator PughCommittee: Budget and TaxationSubject: Economic and Community DevelopmentStatus: Hearing 3/09 at 1:00 p.m. (as of Nov 8, 2016)
What this bill does
Official synopsis
Allowing a credit against the State income tax for 50% of an investment, not to exceed $50,000 or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity, made in a qualified innovation business; requiring a qualified investor to meet specified requirements in order to be eligible for the credit; requiring the Department of Economic Competitiveness and Commerce to administer the credit; applying the Act to specified taxable years after December 31, 2015; etc.
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Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.