HB 2467 Tax credit for investing in a small technology business.
William W. (Ted) Bennett, Jr. | all patrons    ...    notes
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Summary as introduced:
Tax credit for investing in a small technology business. Creates a state tax credit for individuals, partnerships, and corporations that invest in small technology businesses for taxable years beginning on and after January 1, 2002. A small technology business is defined as a private business that (i) is engaged in research and development or commercialization of information technology or biotechnology, (ii) has 10 or fewer full-time employees, and (iii) is engaged in business in the Commonwealth. An individual taxpayer is allowed a credit in the amount equal to 25 percent of the investment, not to exceed $50,000. A partnership or a corporation is allowed a credit in the amount equal to 25 percent of the investment, not to exceed $100,000. The Secretary of Technology and the Tax Commissioner are given authority to promulgate regulations governing the credit.

Full text:
01/10/01  House: Presented & ordered printed, prefiled 01/10/01 018113264  pdf | impact statement

Status:
01/10/01  House: Presented & ordered printed, prefiled 01/10/01 018113264
01/10/01  House: Referred to Committee on Finance
01/18/01  House: Assigned to Finance sub-committee: 1
01/31/01  House: Tabled in Finance (23-Y 0-N)