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Bill

S 7592

Provides for an angel investor income tax credit

2025 Regular Session Introduced by Cordell Cleare

Bill S 7592 offers tax credits to angel investors funding early-stage businesses, boosting startup investment, innovation, and local economic growth.

REFERRED TO BUDGET AND REVENUE
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WeVote Research Nonpartisan
Bill Summary · S 7592

Summary of Bill S 7592: Angel Investor Income Tax Credit

Overview

Bill S 7592 aims to establish an income tax credit for angel investors who provide funding to early-stage businesses. The intent of this legislation is to stimulate investment in startups, thereby fostering innovation and economic growth within the state.

Key Provisions

  • Angel Investor Tax Credit: The bill proposes a tax credit for individuals or entities that invest in qualifying early-stage companies.
  • Eligibility Criteria: To qualify for the tax credit, investments must be made in businesses that meet specific criteria, such as being in the early stages of development and operating within certain industries deemed beneficial for economic growth.
  • Credit Amount: While the exact percentage or dollar amount of the tax credit is not specified in the provided information, it is typically designed to incentivize substantial investments in startups.
  • Investment Limits: The bill may include caps on the amount of investment eligible for the tax credit to ensure that the program is sustainable and targeted.

Impact

  • Beneficiaries: The primary beneficiaries of this bill would be angel investors and early-stage companies seeking funding. By providing a financial incentive, the bill encourages more individuals to invest in startups, which can lead to job creation and economic development.
  • Economic Growth: The legislation is expected to stimulate local economies by increasing the availability of capital for innovative businesses, potentially leading to new products, services, and job opportunities.

Legislative Process

  • Introduced: The bill was introduced on April 23, 2025.
  • Current Status: As of now, S 7592 has been referred to the Budget and Revenue Committee for further consideration. The outcome of this referral will determine the next steps in the legislative process.

Related Legislation

S 7592 is part of a broader legislative effort to support startup funding, with several related bills from prior sessions, including:
- A 988
- A 8115
- A 9958
- A 333
- A 2580
- S 7896
- S 7033

These related bills may provide additional context or complementary measures aimed at enhancing investment in early-stage businesses.

Conclusion

Bill S 7592 represents a strategic initiative to bolster investment in early-stage companies through tax incentives for angel investors. By encouraging investment in startups, the bill seeks to promote innovation and economic growth, ultimately benefiting the broader community. Further developments will be monitored as the bill progresses through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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