Microenterprise Investment Grant Fund and Program; created. (SB262)
Introduced By
Sen. Adam Ebbin (D-Alexandria)
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 |
---|---|
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 |
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12102538D |
01/10/2012 | Referred to Committee on Finance |
02/02/2012 | Impact statement from TAX (SB262) |
02/08/2012 | Reported from Finance with substitute (14-Y 0-N) (see vote tally) |
02/08/2012 | Committee substitute printed 12105254D-S1 |
02/09/2012 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/10/2012 | Read second time |
02/10/2012 | Reading of substitute waived |
02/10/2012 | Committee substitute agreed to 12105254D-S1 |
02/10/2012 | Engrossed by Senate - committee substitute SB262S1 |
02/13/2012 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/16/2012 | Placed on Calendar |
02/16/2012 | Read first time |
02/16/2012 | Referred to Committee on General Laws |
02/20/2012 | Assigned GL sub: #4 Professions/Occupations and Administrative Process |
02/21/2012 | Impact statement from TAX (SB262S1) |
02/21/2012 | Subcommittee recommends laying on the table |
03/10/2012 | Left in General Laws |