Income Tax - Angel Investor Tax Credit Program
Sponsor: Senator EckardtCommittee: Budget and TaxationSubject: Economic and Community DevelopmentStatus: Hearing 3/13 at 1:00 p.m. (as of Sep 19, 2019)
What this bill does
Official synopsis
Allowing a credit against the State income tax for a certain percentage of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a pass-through entity or a married couple filing jointly; requiring a qualified investor to meet certain requirements in order to be eligible for the credit; requiring the Department of Commerce to administer the credit; applying the Act to certain taxable years beginning after December 31, 2018; 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.