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Bills · 2015-2016 Regular Session

SB 451

Died at session end Official bill text Atom feed

Relating to: allowing taxpayers to claim early stage seed investment credits for investments in the fund of funds. (FE)

Business Corporation — Taxation Income tax — Credit

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill allows a taxpayer to claim an early stage seed investment credit based

on the taxpayer's investment through the state's fund of funds investment program

in a qualified new business venture. Currently, a taxpayer may claim an early stage

seed investment credit equal to 25 percent of the taxpayer's investment paid to a fund

manager that the fund manager invests in a certified new business venture.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Darling (R)

9 cosponsors

Doyle (D) , Edming (R) , Krug (R) , Murphy (R) , Neylon (R) , R. Brooks (R) , Rohrkaste (R) , T. Larson (R) , Tittl (R)

Full history

  1. Dec 11, 2015 · Senate

    Introduced by Senator Darling; cosponsored by Representatives Neylon, Krug, Doyle, Edming, T. Larson, Murphy, Rohrkaste, Tittl and R. Brooks

  2. Dec 11, 2015 · Senate

    Read first time and referred to Committee on Revenue, Financial Institutions, and Rural Issues

  3. Jan 6, 2016 · Senate

    Fiscal estimate received

  4. Jan 6, 2016 · Senate

    Fiscal estimate received

  5. Apr 13, 2016 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1