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
Date | Action |
---|---|
01/11/2012 | Committee |
01/11/2012 | Prefiled and ordered printed; offered 01/11/12 12101806D |
01/11/2012 | Referred to Committee on Finance |
01/28/2012 | Impact statement from TAX (HB783) |
02/02/2012 | Assigned Finance sub: #3 |
02/03/2012 | Subcommittee recommends striking from docket |
02/06/2012 | Stricken from docket by Finance |
Comments
hope this one goes through