Legislation

Title: Income Tax - Angel Investor Tax Credit Program
Sponsored by: Senators Eckardt, Bailey, Edwards, Gallion, Guzzone, Hershey, Hough, Klausmeier, Salling, Simonaire, West, and Young
Status: In the Senate - Hearing 3/13 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit against the State income tax for a certain percentage of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a pass-through entity or a married couple filing jointly; 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, 2018; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Angel Investor Tax Credit Program Proceedings
Chamber Senate Calendar Date 2/06/2019 Legislative Date 2/06/2019 Action Hearing 3/06 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/28/2019 Legislative Date 2/28/2019 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/28/2019 Legislative Date 2/28/2019 Action Hearing 3/13 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/04/2019	2/04/2019	First Reading Budget and Taxation
			Text - First - Income Tax - Angel Investor Tax Credit Program
Senate	2/06/2019	2/06/2019	Hearing 3/06 at 1:00 p.m.
Senate	2/28/2019	2/28/2019	Hearing canceled
Senate	2/28/2019	2/28/2019	Hearing 3/13 at 1:00 p.m.

File Code

Subjects

Statutes