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Rep. Darshawn Kendrick revives Angel Investor Tax Credit, proposes $5 million annual cap and wider eligibility
Summary
Representative Darshawn Kendrick presented House Bill 8 (LC500946) to revive a previously expired Angel Investor Tax Credit, proposing a 35% credit, a $5 million annual cap, same-year claimability and removal of the "qualified investor" requirement.
Representative Darshawn Kendrick presented House Bill 8 (LC500946), a revival of Georgia's Angel Investor Tax Credit, saying the measure is intended to attract investment capital to the state.
Kendrick said the bill would restore the credit that previously operated from February 2011 until it sunset in 2018 and make three changes: add a $5,000,000 cap on total…
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