Staff Analysis of the Legislation
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SUMMARY: This bill would amend Article 2 of Chapter 7 of Title 48 to provide an income tax credit for those investments that meet qualifications outlined in the bill into small businesses that would qualify under the bill. There are limitations of $10 million in investments per year, beginning in 2011 and ending in 2015.
NOTE: Here is another attempt to further reduce available revenue to the state and increase the likelihood of additional cuts to education funding. |