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2016 SESSION

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SB 749 Qualified equity and subordinated debt investments tax credit; qualified businesses.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Qualified Equity and Subordinated Debt Investments Tax Credit. Raises the cap on the total number of credits that may be issued per year under the qualified equity and subordinated debt investments tax credit from $5 million to $9 million for calendar years beginning on or after January 1, 2016, and sunsets the tax credit on January 1, 2021. The bill also requires the Department of Taxation to provide an annual report to the Governor, and any member of the General Assembly upon request, on the issuance of such tax credits. This bill was incorporated into SB 200.


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