Hoskins Seeks Angel Investment Incentive Act

State Senator Denny Hoskins has a bill that would establish the Missouri Angel Investment Incentive Act. He says it would help start-up companies.

The act would allow an angel investor to claim a tax credit equal to 40 percent of their investment and goes up to 50 percent if the business is located in a rural county. Hoskins says it’s received bipartisan support.

The bill passed out of the Senate Economic Development and Tax Policy Committee last week.