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S 2497 113th Congress Senate Taxation Advanced technology and technological innovations Business investment and capital Income tax credits Manufacturing Securities

Angel Tax Credit Act

Introduced: June 19, 2014 Introduced by: Murphy, Christopher Democratic · Connecticut See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 2014
Read twice and referred to the Committee on Finance.
Jun 19, 2014
Introduced in Senate
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 Plain-English summary Congressional Research Service

Angel Tax Credit Act - Amends the Internal Revenue Code to allow 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 revenues 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. 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 2013 through 2017.

What's happening now June 19, 2014

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • S 2680 Related bill Buy it in America Act
  • HR 4931 Identical bill Angel Tax Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schatz, Brian
Hawaii · Jun 19, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2497: Angel Tax Credit Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2497/
MLA
"S. 2497: Angel Tax Credit Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2497/.
Bluebook (legal)
S. 2497, 113th Cong. (2026), https://openamerica.io/bill/113-S-2497/.
Markdown link
[S. 2497: Angel Tax Credit Act](https://openamerica.io/bill/113-S-2497/)
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