Passed BothConf. Cmte
- Income Tax - Angel Investor Tax Credit Program
- Sponsored by
- Delegates Lierman, Ali, Anderton, Buckel, Ciliberti, Clippinger, Ebersole, Hayes, C. Howard, J. Lewis, Miele, Morgan, Patterson, Queen, Rosenberg, and West
- In the House - Hearing 2/14 at 1:00 p.m.
- Fiscal and Policy Note
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.
Bill File Type: Regular
Effective Date(s): July 1, 2018
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( 2.5-109 )
( 10-746 )
Last Updated: 2/3/2020 2:30 PM