Loading chat...

SC H4134

Bill

Status

Engrossed

4/23/2025

Primary Sponsor

Robby Robbins

Click for details

Origin

House of Representatives

126th General Assembly

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

Committee Referrals

Finance4/23/2025
Ways and Means3/5/2025

Full Bill Text

No bill text available