Legislation

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.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Introduced in a prior session as: HB0471 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 1/26/2018 Legislative Date 1/26/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Angel Investor Tax Credit Program Proceedings
Chamber House Calendar Date 1/29/2018 Legislative Date 1/29/2018 Action Hearing 2/14 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/26/2018	1/26/2018	First Reading Ways and Means
			Text - First - Income Tax - Angel Investor Tax Credit Program
House	1/29/2018	1/29/2018	Hearing 2/14 at 1:00 p.m.

File Code

Subjects

Statutes