Introduced in the Senate on November 6, 2003, to establish a state early stage venture capital investment corporation to solicit money from investors for investment in selected companies chosen by the corporation. Up to $150 million in potential losses of investors could be offset by the Single Business Tax credits proposed by Senate Bill 835 or the income tax credits proposed by Senate Bill 836. See also House Bills 5320 to 5322
The vote was 36 in favor, 0 opposed and 2 not voting
(Senate Roll Call 577 at Senate Journal 100)
Click here to view bill details.