summary
Introduced
01/28/2022
01/28/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; EXTENDING THE DATE TO MAKE A QUALIFIED INVESTMENT TO BE ELIGIBLE FOR AN ANGEL INVESTMENT CREDIT; INCREASING THE ANNUAL AGGREGATE CAP OF THE CREDIT.
AI Summary
This bill extends the date to make a qualified investment to be eligible for an Angel Investment Credit from December 31, 2025 to December 31, 2029. Additionally, the bill increases the annual aggregate cap of the credit from $2 million to $5 million per calendar year. The Angel Investment Credit provides a tax credit of up to 25% of a qualified investment, with a maximum credit of $62,500 per investment, for accredited investors who make investments in certain qualified businesses in New Mexico.
Committee Categories
Business and Industry
Sponsors (5)
Jane Powdrell-Culbert (R)*,
Linda Serrato (D)*,
Cathrynn Brown (R),
Randal Crowder (R),
Natalie Figueroa (D),
Last Action
House Commerce & Economic Development Committee (13:30 2/4/2022 Room 317) (on 02/04/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=161&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0161.pdf |
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