3.0.0 4809 2025-01-14T18:59:41Z 2025-01-14T18:59:41Z Senate S S 2024-07-25 118 ssfi00 Finance Committee Senate Standing Referred To 2024-07-25T19:04:38Z 2024-07-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2024-07-25 Introduced in Senate IntroReferral 10000 9 Library of Congress M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. N Taxation Taxation 2024-09-19T13:04:46Z

00 2024-07-25 Introduced in Senate 2024-10-09T18:24:36Z <p><strong>Angel Tax Credit Act</strong></p><p>This bill allows 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 revenue 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. The bill 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 2025-2029.&nbsp;</p>

Display Title 45 2024-08-27T01:23:15Z Short Title(s) as Introduced 101 2024-08-27T01:23:15Z Introduced in Senate IS Official Title as Introduced 6 2024-08-27T01:18:18Z Introduced in Senate IS Introduced in Senate 2024-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s4809is/xml/BILLS-118s4809is.xml 2024-07-25 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.