2016 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Greason
Eliminate Angel Investor Language (language only)

Item 3-6.04 #2h

Item 3-6.04 #2h

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


Page 451, strike lines 41 through 50.


(This amendment eliminates language included in House Bill 30 as introduced that proposes 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. By striking this language, the General Assembly reaffirms the statutory intention of the legislation.)