Jarrell Cook

New investment credit proposed for small businesses

By Jarrell Cook, Associate Policy Director

Capitol Update, April 6, 2018 Share this on FacebookTweet thisEmail this to a friend


Burke


Assembly Member Autumn Burke (D-Inglewood) has introduced AB 2758, the Small Business Investment Tax Credit. The measure would provide angel investors a five percent tax credit on an investment made in a small business, and prioritizes investments directed towards businesses which are owned by members of groups that are typically underrepresented in securing investment dollars.

Small and mid-sized manufacturing companies have repeatedly cited delayed or limited access to affordable capital investment as one of the biggest impediments to their ability to grow, compete, and thrive in the global marketplace. AB 2758 is a small but important step toward improving California’s business climate by keeping our state the best place for manufacturers with great ideas to get connected to investors.

The bill is set to be heard in the Assembly Revenue and Taxation Committee on Monday, April 9th.

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