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2015 SESSION
HB 2044 Income tax, state; subtraction for long-term capital gains.
Introduced by: Eileen Filler-Corn | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax subtraction for long-term capital gains. Extends from June 30, 2015, to June 30, 2020, the date by which investments in certain technology businesses must be made in order to claim an income tax subtraction for any long-term capital gain or investment services partnership interest income from such investments. Currently, a taxpayer investing in a technology business between April 1, 2010, and June 30, 2015, may claim an income tax subtraction for any long-term capital gain or investment services partnership interest income attributable to such investment if the business has its principal office or facility in the Commonwealth and had less than $3 million in annual revenues in the fiscal year prior to the investment.
FULL TEXT
HISTORY
- 01/14/15 House: Prefiled and ordered printed; offered 01/14/15 15102133D
- 01/14/15 House: Referred to Committee on Finance
- 01/20/15 House: Assigned Finance sub: Subcommittee #2
- 01/21/15 House: Subcommittee recommends laying on the table by voice vote
- 02/10/15 House: Left in Finance