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CT HB06399

Bill

Official Source

Status

Passed

6/30/2011

Primary Sponsor

Donald Williams

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Modifies the application requirements for Connecticut businesses seeking approval to receive angel investor tax credits from Connecticut Innovations, Incorporated
  • Removes the requirement that businesses demonstrate "proprietary" technology, keeping only the requirement to describe "innovative" technology, products, or services
  • Effective July 1, 2011, and applies to taxable years commencing on or after January 1, 2011
  • Maintains existing application requirements including business plans, organizational documents, job creation projections, and descriptions of qualified securities being issued

Legislative Description

An Act Concerning Applications For Angel Investor Tax Credits.

Last Action

Signed by the Governor

7/13/2011

Committee Referrals

Government Administration and Elections3/22/2011
Commerce2/17/2011

Full Bill Text

No bill text available