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CT SB01095
CT SB01095An Act Expanding The Angel Investor Tax Credit Program To Social Equity Applicants.
summary
Introduced
04/14/2021
04/14/2021
In Committee
05/10/2021
05/10/2021
Crossed Over
Passed
Dead
06/09/2021
06/09/2021
Introduced Session
2021 General Assembly
Bill Summary
To expand the angel investor tax credit program to cannabis establishments for which social equity applicants have been granted provisional licenses or licenses.
AI Summary
This bill expands the angel investor tax credit program to cannabis establishments for which social equity applicants have been granted provisional licenses or licenses. It defines key terms such as "angel investor," "qualified securities," "cannabis business," and "social equity applicant." The bill sets the credit amount at 40% of the cash investment in a qualified cannabis business, with a cap of $500,000 per angel investor. It also allocates up to $15 million annually in tax credits for investments in qualified cannabis businesses.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Finance, Revenue and Bonding Committee (J)
Last Action
File Number 669 (on 05/10/2021)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01095&which_year=2021 |
| Fiscal Note For File Copy 669 | https://www.cga.ct.gov/2021/FN/PDF/2021SB-01095-R000669-FN.PDF |
| Bill Analysis For File Copy 669 | https://www.cga.ct.gov/2021/BA/PDF/2021SB-01095-R000669-BA.PDF |
| BillText | https://www.cga.ct.gov/2021/TOB/S/PDF/2021SB-01095-R01-SB.PDF |
| Bill | https://www.cga.ct.gov/2021/TOB/s/pdf/PDF/2021SB-01095-R01-SB.PDF |
| BillText | https://www.cga.ct.gov/2021/TOB/S/PDF/2021SB-01095-R00-SB.PDF |
| Bill | https://www.cga.ct.gov/2021/TOB/s/pdf/PDF/2021SB-01095-R00-SB.PDF |
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