Legislation

Title: Income Tax - Angel Investor Tax Credit Program
Sponsored by: Delegates Lierman, Anderton, Aumann, Buckel, Ebersole, Hayes, Hornberger, Morgan, Platt, Rose, Shoemaker, and West
Status: In the House - Hearing 2/16 at 1:00 p.m.
Analysis: Fiscal and Policy Note

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.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

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

History

Legislation History
Chamber House Calendar Date 1/29/2016 Legislative Date 2/01/2016 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/01/2016 Legislative Date 2/01/2016 Action Hearing 2/16 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/29/2016	2/01/2016	First Reading Ways and Means
House	2/01/2016	2/01/2016	Hearing 2/16 at 1:00 p.m.

Documents

Date Posted	Document Name
2/02/2016	Text - First - Income Tax - Angel Investor Tax Credit Program

File Code

Subjects

Statutes