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Senate Bill 0386


 

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Senate Bill 0386

ARCHIVE (2003)

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DIGEST OF SB386 (Updated April 24, 2003 10:58 AM - DI 84)

Venture capital investment tax credit. Specifies that a pass through entity is eligible for the venture capital investment tax credit for investments made in qualified Indiana businesses. Eliminates certain requirements that a business must meet in order to be certified as a qualified Indiana business. Sets forth procedures for the department of commerce to certify that a taxpayer is entitled to a venture capital investment tax credit. Provides that if a taxpayer carries over any credit amount to the succeeding year, the amount carried over does not count toward the $10,000,000 in maximum allowable credits for the succeeding year.
    Current Status:
     Law Enacted
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