Income Tax – Angel Investor Tax Credit Program

Bill Number:  HB0886

Bill Sponsor(s):  Delegate Palakovich Carr

Subject:  Ways and Means

Bill Summary:

Allowing a credit against the State income tax for a certain percentage of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity; requiring a qualified investor to meet certain requirements in order to be eligible for the credit; applying the Act to certain taxable years beginning after December 31, 2018; etc.

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