Indiana changes tax credit laws to attract more out-of-state investors
A change in Indiana’s law covering its venture capital investment tax credit is being hailed as a way to bring more funding into the Hoosier state.
The state’s tax credit program allows an individual who invests in an Indiana start-up to claim a tax credit worth 20 percent of the investment with the credit capped at $1 million. Under the new legislation described here, out-of-state investors can sell the credits to an Indiana resident.
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