Microenterprise Investment Grant Fund and Program; created. (SB262)

Introduced By

Sen. Adam Ebbin (D-Alexandria)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


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