Microenterprise investment tax credits; created for individuals who make qualified investment. (HB783)

Introduced By

Del. Alfonso Lopez (D-Arlington)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Microenterprise investment tax credits.  Creates a tax credit for individuals who make a qualified investment in a microenterprise in tax years beginning on or after January 1, 2012, but before January 1, 2017. The amount of the credit shall be 25 percent of an investment in a green business microenterprise or a microenterprise located in a historically underutilized business zone, or 20 percent of an investment in any other microenterprise. An individual may receive a credit up to $12,500, and the total aggregate amount of credits available in a calendar year is capped at $2.5 million. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Committee
01/11/2012Prefiled and ordered printed; offered 01/11/12 12101806D
01/11/2012Referred to Committee on Finance
01/28/2012Impact statement from TAX (HB783)
02/02/2012Assigned Finance sub: #3
02/03/2012Subcommittee recommends striking from docket
02/06/2012Stricken from docket by Finance

Comments

ron skinner writes:

hope this one goes through