2015: HB 237 – Angel Investor Tax Credit
Angel groups in Georgia have seen an increase in angel activity, as well as partnerships with venture capital firms. Georgia is competing with other states for start-up companies, many of which get their start in our very own publicly funded research institutions. The program began in tax year 2011, was extended in 2013 and expires at the end of 2015. HB 237 extends the credit for three years and allows eligible investors to claim 35% of their investment against their taxable income, but no more than $50,000. The extension caps the aggregate statewide tax credit amount at $5 million per year.
| Description | Sponsors | Bill Status | Chamber Position |
|---|---|---|---|
Angel groups in Georgia have seen an increase in angel activity, as well as partnerships with venture capital firms. Georgia is competing with other states for start-up companies, many of which get their start in our very own publicly funded research institutions. The program began in tax year 2011, was extended in 2013 and expires at the end of 2015. HB 237 extends the credit for three years and allows eligible investors to claim 35% of their investment against their taxable income, but no more than $50,000. The extension caps the aggregate statewide tax credit amount at $5 million per year. |
Effective Date 07/01/2015 |
