News Column

Rep. Chabot Introduces Bill to Allow Credit Against Income Tax for Angel Investors' Equity Investments

June 24, 2014

by ETHEL TENORIO Targeted News Service

WASHINGTON, June 24 -- Rep. Steve Chabot, R-Ohio, has introduced legislation (H.R. 4931) to "amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments by angel investors."

The bill was introduced on June 20 and has Rep. Patrick Murphy, D-Fla., as co-sponsor.

The legislation was referred to the House Ways and Means Committee.

The full text of the bill is available from the Library of Congress Thomas legislative website. To access the bill, go to For more information about congressional legislation and services offered by Targeted News Service to track issues, key words or members of Congress who introduce or co-sponsor legislation, please contact or call 703/304-1897.

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Source: Targeted News Service

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