Angel Invesment Tax Credit Proposed in PA

Tue, Feb 16, 2010

State Capitol, Uncategorized

Calling it an essential step towards reinvigorating Pennsylvania’s small business community, Senator John Doe announced today that he will be introducing legislation to create a new Angel Investment Tax Credit. Modeled closely on successful tax credits adopted by other states, including Minesota’s new $50 million tax credit, this legislaiton would provide a 25 percnet tax credit for invesmtnet made by accredited investors in qualified small businesses in Pennsylvania.

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