DENVER - The Colorado House of Representatives passed House Bill 1045 - also known as the "angel investor tax credit" - on Friday, with bipartisan support. It is now up to the Colorado Senate to approve it before the end of the legislative session on May 11.
The bill, sponsored in the House by Rep. John Kefalas, D-Fort Collins, would renew the Colorado Innovation Investment Tax Credit, initially created in 2009 to encourage investments in small and startup businesses.
The bill expired in 2010 after a one-year pilot program. If signed into law this year, it would provide investors in small businesses a state income tax credit of 15 percent of their donation up to a maximum credit of $20,000.
To read the full, original article click on this link: House passes "angel investor" bill | Northern Colorado Business Report
