2016 Session

Budget Amendments - HB30 (Conference Report)

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Eliminate Angel Investor Language (language only)

Item 3-6.04 #1c

Item 3-6.04 #1c

Adjustments and Modifications to Fees
Qualified Equity and Subordinated Debt Investment Tax Credit


Page 451, strike lines 41 through 50.


(This amendment eliminates language that proposed to earmark $2.0 million of the amounts available under the Qualified Equity and Subordinate Debt Investment Tax Credit (Angel Investor) for investments in biotechnology companies. By statute, this tax credit is available to qualified investors in qualified technology, biotechnology and energy start-ups across the Commonwealth. Companion legislation increasing the credit cap was not adopted by the 2016 General Assembly.)