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CT SB01136

Bill

Official Source

Status

Introduced

3/3/2011

Primary Sponsor

Commerce Committee

Click for details

Origin

Senate

2011 General Assembly

AI Summary

  • Reduces the minimum cash investment threshold for angel investors from $100,000 to $25,000 to qualify for the tax credit under Connecticut General Statutes section 12-704d(b)

  • Maintains the tax credit amount at 25% of the qualified cash investment in Connecticut business securities

  • Caps the total tax credits allowed to any single angel investor at $250,000

  • Tax credit must be claimed in the taxable year the investment is made and is non-transferable

  • Effective July 1, 2011, and applicable to income years commencing on or after January 1, 2011

Legislative Description

An Act Lowering The Threshold For Angel Investors.

Last Action

Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding

3/25/2011

Committee Referrals

Finance, Revenue and Bonding3/17/2011
Commerce3/3/2011

Full Bill Text

No bill text available