Venture capital tax credits.

Authors: Representative Ben Smaltz

Co-authors: Representative David Ober, Representative Holli Sullivan, Representative Steven Stemler


Increases the maximum amount of tax credits available under the venture capital investment tax credit for the provision of qualified investment capital to a particular qualified Indiana business to be the lesser of: (1) the total amount of qualified investment capital provided to the qualified business multiplied by 25%; or (2) $1,500,000; for calendar years after 2015. Removes a provision that prohibits a taxpayer from being entitled to a credit for providing qualified investment capital to a qualified Indiana business after December 31, 2016. Increases the total amount of tax credits that may be approved by the Indiana economic development corporation for qualified investment capital from $12,500,000 to $15,000,000. Increases the amount of credit a taxpayer is entitled to equal 25% multiplied by the amount of the qualified investment capital. Provides that the credit is assignable.