Introduced by Sen. Wayne Kuipers (R) on June 16, 2009, 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 Senate Economic Development and Regulatory Reform Committee on June 16, 2009.