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House economic development committee adopts amendment to Angel Investment tax-credit bill, votes substitute do pass
Summary
The committee adopted a House committee amendment (0.02h) to House Bill 682, the Angel Investment Act, and voted the committee substitute do pass by voice and roll call (14–0).
Chairman Gallick moved adoption of House committee amendment 0.02h to House Bill 682 and then the substitute was approved and the bill was voted "do pass." The committee recorded a roll-call vote of 14 yes, 0 no on the House committee substitute.
The amendment and substitute revise the Angel Investment Act (the "Angel Tax Credit" language discussed in committee). Committee members said the amendment clarifies regional specifics and the bill would provide tax credits tied to angel investments.…
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