2009 Senate Bill 640

Expand certain business subsidy tax credit eligibility

Introduced in the Senate

June 16, 2009

Introduced by Sen. Wayne Kuipers (R-30)

To lower from $100,000 to $25,000 the size of an initial “angel” investment in an "advanced automotive, manufacturing, and materials technology" business subsidized through an income tax credit under a provision of a “community-based seed capital fund” related to the “21st Century Jobs Fund” business subsidy program.

Referred to the Committee on Economic Development and Regulatory Reform