2005 Senate Bill 521 ↩

House Roll Call 472: Passed

To exempt from state income tax all or a portion of a gain realized from an initial equity investment of at least $100,000 generated by an investment in a “community-based seed capital fund.” These entities invest in businesses meeting the criteria proposed by House Bill 5047, which includes firms engaged in certain "competitive edge technology" ventures as selected by a government board and committee.