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2017 SESSION

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SB 200 Qualified equity and subordinated debt investments; raises cap on total amount of credits.

Introduced by: Janet D. Howell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Qualified equity and subordinated debt investments tax credit. Raises the cap on the total amount of credits that may be issued under the qualified equity and subordinated debt investment tax credit from $5 million to $9 million for calendar years beginning on and after January 1, 2016. The bill also raises the cap on the maximum amount of credits available to each taxpayer from $50,000 to $100,000 for taxable years beginning on and after January 1, 2016. This bill incorporates SB 749.


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