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.
|Date Posted||Document Name|
|2/02/2016||Text - First - Income Tax - Angel Investor Tax Credit Program|
( 2.5-109 )
( 10-737 )
Last Updated: 2/3/2020 2:29 PM