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Bill aims to rev up early investors

May 5, 2011 /

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Iowa entrepreneurs could attract as much as $10 million each year in investment under a bill that proposes making $2 million in tax credits available annually for early-stage investors.

House File 688 calls for providing investors with a 20 percent tax credit, based on their investment in startups or community-based seed funds.

Bill supporters would like to boost the tax credit amount by $10 million annually, so an additional $50 million could be available for early-stage investment.

by
DONNELLE ELLER

Full Story: http://www.desmoinesregister.com/article/20110504/BUSINESS/105040343/-1/BUSINESS04/Bill-aims-rev-up-early-investors-

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