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SB 1186 - This act creates a tax credit equal to five percent of the adjusted purchase price paid to the issuer of a qualified equity investment. Tax credits issued under this act are non-refundable, but may be carried forward until used. The act allows for state recapture of credits where permissible under federal law. The provisions of this act shall automatically sunset six years from the effective date of the act if not re-authorized. JASON ZAMKUS
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