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 House Bill 5320 or the income tax credits proposed by House Bill 5322. See also Senate Bills 834 to 836.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.