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Committee extends Angel investor tax credit sunset to 2031 amid budget concerns
Summary
Senate Bill 429, extending the Angel investor tax credit sunset from tax year 2026 to 2031, was reported favorably by the Senate Commerce Committee; members raised concerns about carryforwards, transferability, and budget impacts.
The Senate Commerce Committee voted to advance Senate Bill 429, a proposal to extend the sunset date for the Angel investor tax credit from tax year 2026 to tax year 2031.
Committee staff summarized the measure: “Senate bill number 4 29 relates to tax credit incentives and would extend the sunset for the Angel investor tax credit … to tax year 2031.” Staff explained the credit generally is an…
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