SB 509 - This act allows a taxpayer a tax credit against the taxpayers income tax liability in an amount equal to the applicable percentage of the adjusted purchase price paid to the issuer of a qualified equity investment. The total of all such credits taken by any person under this section shall not exceed such person's total combined income and franchise tax liability. The tax credit may be carried forward two years. If any amount of the federal tax credit available with respect to a qualified equity investment which is eligible for a credit under this section is recaptured under the provisions of the Internal Revenue Code, the Department of Revenue shall have the right to recapture a portion of the credit granted with respect to such qualified equity investment. The percentage of the credit granted that may be subject to recapture will be equal to the percentage of the total federal credit earned with respect to such qualified equity investment that is recaptured under the provisions of the Internal Revenue Code. JASON ZAMKUS