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2012 SESSION
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.
FULL TEXT
HISTORY
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12101806D
- 01/11/12 House: Referred to Committee on Finance
- 02/02/12 House: Assigned Finance sub: #3
- 02/03/12 House: Subcommittee recommends striking from docket by voice vote
- 02/06/12 House: Stricken from docket by Finance by voice vote