Update:
The text of Pryor’s bill (S.256) has been posted. You can find it here (see full article below for link).
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We are still waiting for the actual legislative text of this bill, and will post it when it becomes available.
The American Opportunity Act will provide a 25 percent federal income tax credit for investing in qualified small businesses, including companies in the advanced manufacturing, aerospace, biotechnology, clean energy and transportation sectors. Qualified small businesses can receive up to $2 million per year in tax credit-eligible cash equity investment, of which no more than $1 million can come from a single investor. The funding is estimated to stimulate $2 billion per year of new capital formation.
Please see full publication below for more information.
