In December 2010, the Governor signed into law HB5921, the Small Business Investment (Angel) Tax Credit bill. This bill will provide a 25% tax credit to qualified investors who invest in qualified seed and early stage businesses in Michigan. On Friday, December 17th, from 3:30-5:30pm, the Michigan Economic Development Corporation will conduct a public forum to obtain input and comment on this bill. The bill may be viewed here: http://www.legislature.mi.gov/documents/2009-2010/billenrolled/House/htm/2010-HNB-5921.htm. Members of the MEDC staff will be available to answer questions about the bill and its implementation. Participation in the public forum is possible through one of the following means:
1. In person
MEDC, Lake Superior Conference Room
300 N. Washington Square
Lansing, MI 48913
2. Via Phone
Call-in number: 1-888-363-4734
Access code: 4044209
3. Via Web
a. install this software: https://www.teleconference.att.com/resv/wmdownloads.html
b. log in to this site: https://www.webmeeting.att.com; if warned about a certificate, click to continue
c. the meeting number is the dial-in number above without the “-“: 8883634734; all Participants will have to use the Access Code: 4044209 There’s a place to put in your email and name – this is just to be identified in the meeting, there’s no specific one for this account, use your own info.
d. Then, on the next screen, choose whether you are the host or a participant, the host will need the Host Code.
There is no RSVP. Be sure to attend to learn more about the exciting changes in store for early stage investors in our state.