A bill for an act relating to tax credits awarded by the economic development authority for specific capital contributions made to certified rural business growth funds for investment in qualified businesses.
Establishes the New York rural growth fund tax credit and the New York rural growth fund; provides that individuals who develop a business plan to invest in rural business in New York and have successfully solicited private investors to make capital contributions in support of such business plan may apply to the department of economic development for certification as a rural business growth fund; provides that if approved, tax credits shall be issued in an aggregate amount equal to seventy percent of the eligible investment authority; defines terms; provides for penalties; requires reporting.
Establishes the New York rural growth fund tax credit and the New York rural growth fund; provides that individuals who develop a business plan to invest in rural business in New York and have successfully solicited private investors to make capital contributions in support of such business plan may apply to the department of economic development for certification as a rural business growth fund; provides that if approved, tax credits shall be issued in an aggregate amount equal to seventy percent of the eligible investment authority; defines terms; provides for penalties; requires reporting.
Relating to rural development funds and insurance tax credits for certain investments in those funds; authorizing fees.
Income tax credit; certain investments in qualified businesses; renew and revise
Modify tax credits under the rural business growth program
Provides for an angel investor income tax credit for investments in qualified businesses that exceed $25,000.
Increases tax credits for investments made in emerging technology businesses under "New Jersey Angel Investor Tax Credit Act."
An Act to Authorize a General Fund Bond Issue for Further Investment in Maine-based Businesses
Enacting the Kansas rural business growth program act, providing a premium tax credit to incentivize capital investment in rural areas and establishing a program to be administered by the secretary of commerce for the purpose of incentivizing such investment.