HB 444 - Insurance companies; tax credits; venture capital schemes; provisions

Current VersionPDF Version

Committees

Current Status

02/15/07 - House Second Readers

First Reader Summary

A BILL to be entitled an Act to amend Chapter 11 of Title 33 of the Official Code of Georgia Annotated, relating to investments of insurers, so as to provide for insurance tax credits for insurance companies which invest in venture capital schemes; to define certain terms; to provide for qualification; to provide for insurance tax credits; to provide for limitations on and allocations of insurance tax credits; to provide for qualified investments; to provide for fees, reports, and annual review; to provide for distributions; to provide for disqualification; to provide for transferability; to provide for rules and regulations; to provide an effective date; to repeal conflicting laws; and for other purposes.

Status History

Bill History
DateAction
02/14/2007House First Readers
02/15/2007House Second Readers