Loading chat...
SC H4134
Bill
Status
4/23/2025
Primary Sponsor
Robby Robbins
Click for details
AI Summary
-
Extends the "High Growth Small Business Job Creation Act" (Angel Investor Tax Credit program) for an additional ten years, changing the sunset date from December 31, 2025 to December 31, 2035
-
Renames the act to the "High Growth Small Business Job Creation Act of 2013 - Angel Investor Tax Credit Act"
-
Transfers administration of qualified business registration from the Secretary of State to the Department of Revenue, while requiring the Secretary of State to publish certifications and revocations on its website
-
Adds requirement that corporations, limited liability companies, or limited partnerships seeking qualified business status must be on file with the Secretary of State and in good standing for the duration of their registration
-
Maintains existing carry forward provisions allowing angel investors to continue claiming tax credits until the ten-year carry forward period is completed
Legislative Description
High Growth Small Business Job Creation Act extension
Last Action
Referred to Committee on Finance
4/23/2025