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Congress Should Pass This Bill To Support Angel Investments
It does happen on occasion that a solid piece of legislation comes out of Congress and becomes law. Hopefully that will be the case with the Access to Capital for Entrepreneurs Act. The bill, which is making its way through Congress, would give a 25% tax credit to accredited investors who make investments in early-stage companies. Angel investors could use the tax credit to offset up to $500,000 in investments per year, thought the credit is limited to no more than $250,000 per investment which incents angel investors to invest in more than one company to fully leverage the credit. This is a sensible piece of legislation that would not only promote early-stage investments and help entrepreneurs gain additional access to capital that they need to grow their businesses, but it would also increase U.S. innovation and create jobs in the process. How could anyone object to those outcomes?
[tags]Entrepreneurs Act, Small-Business, Angel Investing, Tax Credit, Creating Jobs[/tags]