2016 Session

Budget Amendments - SB30 (Member Request)

Chief Patron: Obenshain
Part 3 Miscellaneous Item Sec. 3-6.04 (language only)

Item 3-6.04 #2s

Item 3-6.04 #2s

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


Page 451, strike lines 41 through 50.


(This amendment strikes Item § 3-6.04 QUALIFIED EQUITY AND SUBORDINATED DEBT INVESTMENT TAX CREDIT. By statute, this tax credit is available to qualified investors in qualified technology, biotechnology and energy startups across the Commonwealth generally. By striking this language, the General Assembly reaffirms the statutory intention of this legislation.)