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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Angel Tax Credit Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments by angel investors.

Actions Overview (1)

Date Actions Overview
04/16/2015Introduced in Senate

All Actions (1)

Date All Actions
04/16/2015Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (0)

No cosponsors.

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Finance04/16/2015 Referred to

No related bill information was received for S.973.

Subjects (6)

Latest Summary (1)

There is one summary for S.973. View summaries

Shown Here:
Introduced in Senate (04/16/2015)

Angel Tax Credit Act

Amends the Internal Revenue Code to allow a new business-related tax credit for 25% of equity investments of $25,000 or more in a domestic corporation or partnership that: (1) has its headquarters in the United States, (2) has gross revenues for the taxable year of less than $1 million, (3) employs fewer than 25 full-time employees, (4) has been in existence for less than 7 years as of the date of the investment, (5) has more than 50% of its employees performing substantially all of their services in the United States, and (6) is engaged in a high technology trade or business. Limits the allowable amount of such credit to $250,000 in any taxable year and imposes an overall limitation on such credit of $500 million for each of calendar years 2015 through 2019.