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CT HB05211

Bill

Official Source

Status

Introduced

2/17/2010

Primary Sponsor

Vincent Candelora

Click for details

Origin

House of Representatives

2010 General Assembly

AI Summary

  • Establishes an income tax credit for cash investments in Connecticut start-up businesses
  • Credits equal 25% of the cash investment amount
  • Maximum credit per investment capped at $125,000
  • Targets angel investors who invest in qualified Connecticut start-up businesses
  • Amends Chapter 229 of the General Statutes to implement the credit

Legislative Description

An Act Establishing An Income Tax Credit For Investments In Connecticut Start-up Businesses.

Last Action

Referred to Joint Committee on Commerce

2/17/2010

Committee Referrals

Commerce2/17/2010

Full Bill Text

No bill text available