The Arizona Legislature will soon consider an amendment to SB1124 that includes Affordable Housing and the extension of the AZBio-supported Angel Investment Tax Credit. The Angel Investment program is designed to expand early-stage investments in targeted Arizona small businesses. The program accomplishes this goal by eliminating Arizona capital gains tax liabilities associated with the disposition of investments in small businesses certified by the Arizona Commerce Authority. This important tax credit has benefitted rural and urban startups throughout the state. A list of businesses that have been certified under the program can be found here. Please contact your legislators and ask them to “VOTE YES ON THE ANGEL INVESTMENT TAX CREDIT BILL.” A list of State Representatives can be found here. Email addresses include the first letter of the Representative’s name coupled with the last name followed by @azleg.gov. A list of State Senators can be found here. Email addresses include the first letter of the Senator’s name coupled with the last name followed by @azleg.gov.
e.g. Senator John Doe – jdoe@azleg.gov.
If you do not know who your State Legislators are, click here.
An important update from the Arizona Bioindustry Association, Inc. (AZBio)
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