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2016 Regular Session



Income Tax - Angel Investor Tax Credit Program

Sponsored by:

Delegate Lierman


In the House - Hearing 2/16 at 1:00 p.m.

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.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Lierman, Anderton, Aumann, Buckel, Ebersole, Hayes, Hornberger, Morgan, Platt, Rose, Shoemaker, and West
Additional Facts:Cross-filed with: SB0622
Introduced in a prior session as: HB0789 Session: 2015 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Ways and Means  View Committee Hearing
Broad Subject(s):Economic and Community Development
Taxes - Income
Narrow Subject(s):Agriculture -see also- Farmland
Alternative Energy Sources
Appeals -see also- Judicial Review
Assessments and Taxation, Department of
Budgets -see also- Capital Budgets
Business Trusts
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Corporations -see also- Municipal Corps; Public Corps & Inst
Health -see also- Mental Health
Income Tax
Industry and Technology
Investments -see also- Securities
Limited Liability Companies
Natural Resources -see also- Conserv; Forest & Park; Wildlds
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Small Business
Tax Credits -see also- Circuit Breaker
Telecommunications and Information Technology
Transportation -see also- Aircraft; Airports; Boats; etc
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Economic Development
Article - Tax - General

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October 24, 2017 4:59 P.M.