Introduced
by
To give an income tax credit of up to $200,000 to a person who invests in a particular business that has been approved by government economic development officials. If the credit exceeds the person’s annual tax liability in a year it could be “carried over” to five future tax years. The bill would permit the state to give away up to $6 million worth of tax credits to these investors.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
