HB 1503 - Angel Investment Tax Credits - Pennsylvania Key Vote


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Title: Angel Investment Tax Credits

Vote Smart's Synopsis:

Vote to pass a bill that establishes a tax credit for taxpayers who invest in business plans that indicate potential to increase jobs and capital investment.


  • Authorizes the following types of investors to claim the tax credit if they meet other requirements (Sec. 1):
    • An individual with a net worth or joint net worth over $1 million;
    • An individual with an income over $200,000 in each of the 2 most recent years or a joint income over $300,000 in each of the 2 most recent years and with a reasonable expectation of maintaining that income level in the current year; or
    • An entity whose equity owners each meet either of the above criteria.
  • Establishes a tax credit of 25 percent of the taxpayer's qualified investments made during the taxable year (Sec. 1).
  • Authorizes the taxpayer to carry over any excess from the tax credit for a maximum of 7 succeeding taxable years as a credit against the qualified tax liability of the taxpayer for those taxable years (Sec. 1).
  • Authorizes the taxpayer to sell or assign part or all of the tax credit if it does not have a qualified tax liability to apply the tax credit against for that taxable year (Sec. 1).
  • Specifies that the tax credit will expire on December 31, 2021 (Sec. 1).