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.