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HB1806

Income tax subtractions and credits for investments in technology businesses.

Status:
Killed

Chief Patron:
John Bell (D)

Session:
2017 Regular Session

Summary

As Introduced. Income tax subtractions and credits for investments in technology businesses.

Modifies the qualified equity and subordinated debt investments tax credit by (i) increasing the maximum amount of credits that can be issued each year from $5 million to $7.5 million, (ii) allocating the $2.5 million annual increase in credits to cybersecurity businesses, and (iii) allowing credit for investments in technology businesses with no more than 50 full-time employees. (Less)
  • Bill History

  • 01/09/2017 - House: Prefiled and ordered printed; offered 01/11/17 17102085D
  • 01/09/2017 - House: Referred to Committee on Finance
  • 01/15/2017 - House: Impact statement from TAX (HB1806)
  • 01/17/2017 - House: Assigned Finance sub: Subcommittee #2
  • 01/25/2017 - House: Subcommittee failed to recommend reporting (4-Y 6-N)
  • 02/07/2017 - House: Left in Finance