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House Bill 37

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the angel investor tax credit.
Bill Documents Bill
Bill Request Number 355
Sponsors A. Simpson, J. Adams, M. Denham, C. Embry Jr., K. Hall, T. Kerr, K. King, M. King, A. Koenig, J. Richards, B. Rowland, 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

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11/15/13
  • Prefiled by the sponsor(s).
01/07/14
  • introduced in House
  • to Appropriations & Revenue (H)


Last updated: 8/27/2019 6:52 PM (EDT)