H.B. No. 5005
Session Year 2019
 


AN ACT EXTENDING THE ANGEL INVESTOR TAX CREDIT PROGRAM AND EXPANDING ELIGIBILITY FOR THE STATE'S SET-ASIDE PROGRAM FOR SMALL CONTRACTORS.

To (1) extend the angel investor tax credit program for five years; (2) increase the aggregate amount of angel investor tax credits that may be reserved annually by Connecticut Innovations, Incorporated from three million dollars to five million dollars; (3) increase the maximum total tax credits allowed to an angel investor from two hundred fifty thousand dollars to five hundred thousand dollars; (4) prioritize angel investments in veteran-owned, women-owned or minority-owned businesses and businesses owned by individuals with disabilities; and (5) expand eligibility for the state's set-aside program for small contractors.

Introduced by:
Commerce Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 4/1/2019(LCO)File Number 239
 4/1/2019House Calendar Number 157
 4/1/2019Favorable Report, Tabled for the Calendar, House
 4/1/2019(LCO)Reported Out of Legislative Commissioners' Office
 3/25/2019(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/01/19 10:00 AM
 3/15/2019(LCO)Filed with Legislative Commissioners' Office
 3/14/2019(CE)Joint Favorable
 3/8/2019Public Hearing 03/12
 3/7/2019Referred to Joint Committee on Commerce
 3/6/2019Drafted by Committee
 2/28/2019(CE)Vote to Draft
 2/8/2019Public Hearing 02/14
 1/9/2019Referred to Joint Committee on Commerce

Co-sponsors of HB-5005

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