S 4637
Angel Tax Credit Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Angel Tax Credit Act creates a new tax credit for investors in early-stage, high-tech U.S. companies. Investors who meet specific criteria, including being accredited investors and investing in qualifying businesses with less than $1 million in revenue and fewer than 25 employees, can receive a 25% tax credit on their investments up to $250,000 per year. The legislation also includes limitations on the total credit available and allocates funds annually, aiming to support innovation and growth in the technology sector.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.