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Simmons' "angel investor" bill approved by House

Times Union, Ken Dixon. Published Thursday, April 6, 2017

The bill, which moves to the Senate after the 144-0 vote, would allow Connecticut start-ups less than seven years old to gain needed capital while giving individual investors 25-percent tax credits of up to $250,000...Rep. Caroline Simmons, D-Stamford, co-chairman of the legislative Commerce Committee, said she expects the law to generate more interest in the existing program, which had $3 million available, but gave out only $1.5 million in tax breaks.

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