| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the angel investor tax credit. |
| Bill Documents |
Bill
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| Bill Request Number | 77 |
| Sponsors | A. Simpson, M. Denham, C. Embry Jr., K. Flood, T. Kerr, A. Koenig, T. Moore, S. Westrom, A. Wuchner |
| Summary of Original Version | Create new sections of Subchapter 20 of KRS Chapter 154 to establish the angel investor tax credit program for certain investments in small businesses; define terms; state Act's title and purposes; list requirements for small businesses and investors to qualify for participation; require the Kentucky Economic Development Finance Authority (KEDFA) to establish the application process; cap the total amount of angel investor and Kentucky Investment Fund Act tax credits available in all years at $40,000,000; require KEDFA to maintain a Web site listing all businesses and investors certified and all credits awarded; require small businesses to report annually and allow for tax credit recapture in certain circumstances; amend KRS 152.20-255 to provide that the total amount of tax credits available in the Kentucky Investment Fund Act program and the angel investor program is $40,000,000 in all years; create a new section of KRS Chapter 141 to establish the credit; amend KRS 141.0205 to provide the ordering of the credit. |
| Index Headings of Original Version |
Economic Development - Angel investor tax credit program, creation of Economic Development - Enhanced incentive counties, angel investments in Economic Development - Kentucky Investment Fund Act, credit cap, amendment of Science and Technology - Angel investments in knowledge-based businesses, tax credit for, creation of Small Business - Angel investments in small businesses, tax credit for, creation of Taxation - Angel investor tax credit program, creation of Taxation, Income--Individual - Angel investor tax credit program, creation of |
| 08/14/12 |
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| 09/05/12 |
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| 01/08/13 |
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Last updated: 8/27/2019 7:53 PM (EDT)