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2012 SESSION

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HB 783 Microenterprise investment tax credits; created for individuals who make qualified investment.

Introduced by: Alfonso H. Lopez | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Microenterprise investment tax credits.  Creates a tax credit for individuals who make a qualified investment in a microenterprise in tax years beginning on or after January 1, 2012, but before January 1, 2017. The amount of the credit shall be 25 percent of an investment in a green business microenterprise or a microenterprise located in a Historically Underutilized Business Zone, or 20 percent of an investment in any other microenterprise. An individual may receive a credit up to $12,500, and the total aggregate amount of credits available in a calendar year is capped at $2.5 million.


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