2016 Session

Budget Amendments - HB30 (Member Request)

Chief Patron: Farrell
Elimination of Angel Investor Tax Credit (language only)

Item 3-6.04 #1h

Item 3-6.04 #1h

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


Page 451, strike lines 42 through 50, and insert:

"Notwithstanding any other provision of law, effective for tax years  beginning on or after January 1, 2016, no credit shall be allowed under § 58.1-339.4."


(This amendment eliminates the tax credit provided "angel investors" effective tax year 2016.)