Introduced
by
To authorize a refundable or carry-forwardable income tax credit equal to 20 percent of the losses incurred by a taxpayer who invests in a “community-based seed capital fund” that itself invests in certain businesses designated by a government "Capital Investment Board," are engaged in certain “technology” related activities, and are not in the retail, real estate, or health care business. Up to $10 million in tax credits could be granted, with no recipient getting more than $250,000.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the bill be referred to the Committee on Commerce.
