Summary: H.R.5767 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.5767. Bill summaries are authored by CRS.

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Introduced in House (07/15/2010)

Innovative Technologies Investment Incentive Act of 2010 - Amends the Internal Revenue Code to allow a new business-related tax credit for 25% of the equity investment (i.e., stock and capital or profits interest) in a small business concern that is engaged in a high technology or biotechnology trade or business and employs an average of fewer than 500 employees in a taxable year. Establishes a national innovative technology investment credit limitation of $500 million.