SB0622

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Angel Investor Tax Credit Program

Sponsored by:

Senator Pugh

Status:

In the Senate - Hearing 3/09 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:Senators Pugh, Conway, Currie, Feldman, Manno, Muse, Peters, and Rosapepe
Additional Facts:Cross-filed with: HB0471
Introduced in a prior session as: SB0584 Session: 2015 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Economic and Community Development
Taxes - Income
Narrow Subject(s):Agriculture -see also- Farmland
Aircraft
Alternative Energy Sources
Appeals -see also- Judicial Review
Appropriations
Assessments
Budgets -see also- Capital Budgets
Business Trusts
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Copyright
Corporations -see also- Municipal Corps; Public Corps & Inst
Evidence
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
Notices
Partnerships
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Securities
Small Business
Sunset
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
(2.5-109)
Article - Tax - General
(10-737)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 5:09 P.M.