OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5583

AN ACT EXPANDING INVESTMENT ELIGIBILITY UNDER THE ANGEL INVESTOR TAX CREDIT PROGRAM.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill expands the angel investor tax credit program to businesses in any industry and restricts the amount of the credit available for investments in emerging technology. This does not result in any fiscal impact as it does not increase the cap on the total amount of credits available under the program, nor does it extend the program's current sunset date.1

The Out Years

State Impact: None

Municipal Impact: None

1 It is assumed the total amount of credits granted under the program would reach the cap under current law.