SB 1186 - Engler, Kevin
Creates a tax credit for qualified equity investments
Bill Details
Sponsor
LR Number
5453S.01I
Title
SB 1186
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2006
Committee
Current Status
Voted Do Pass S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
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