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2018 Regular Session



Income Tax - Angel Investor Tax Credit Program

Sponsored by:

Delegate Lierman


In the House - Hearing 2/14 at 1:00 p.m.

Synopsis:Allowing a credit against the State income tax for 50% of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity; 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, 2017; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Lierman, Ali, Anderton, Buckel, Ciliberti, Clippinger, Ebersole, Hayes, C. Howard, J. Lewis, Miele, Morgan, Patterson, Queen, Rosenberg, and West
Additional Facts:Introduced in a prior session as: HB0471 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
Ways and Means  View Committee Hearing
Broad Subject(s):Economic and Community Development
Taxes - Income
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Income Tax
Investments -see also- Securities
Tax Credits
Statutes:Article - Economic Development
Article - Tax - General

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Explanation of Floor Motions and Actions

February 15, 2018 12:21 P.M.