Angel Tax Credit Act
Latest Action
Read twice and referred to the Committee on Finance.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Angel Tax Credit Act (S.4809) is a Senate bill introduced in the 118th Congress aimed at providing tax credits related to angel investments. The bill was read twice and referred to the Senate Committee on Finance but ultimately failed or expired without further legislative action. The bill's text and official summary are not available, limiting detailed analysis. The policy area is taxation, suggesting the bill intended to influence tax treatment of angel investors or angel investment activities.
S.4809 sought to establish tax credits for angel investments but did not advance beyond committee referral and expired without enactment.
- The bill is titled the Angel Tax Credit Act and was introduced in the Senate during the 118th Congress.
- It was referred to the Senate Committee on Finance after being read twice on July 25, 2024.
- The bill ultimately failed or expired without further legislative progress or enactment.
['Angel investors who provide early-stage capital to startups or small businesses', 'Startups and small businesses seeking early-stage funding', 'Potentially financial and investment sectors involved in angel investing']
['Lack of available bill text and official summary limits understanding of specific provisions and implementation details', 'Potential fiscal impact on federal revenue due to tax credits', 'Oversight and enforcement mechanisms are unknown due to missing text', 'Uncertainty about eligibility criteria and administrative burden for taxpayers and the IRS']
The bill was introduced in the Senate and referred to the Committee on Finance, which handles tax legislation. It did not progress further and expired, indicating it did not receive sufficient legislative support or priority during the 118th Congress. The absence of a summary or text in the public record limits insight into the detailed legislative intent or debate.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential increase in early-stage investments if tax credits were enacted, possibly stimulating startup growth.', 'Possible administrative complexity for tax authorities and taxpayers related to claiming and verifying credits.', 'Shifts in investment behavior toward sectors or companies qualifying for the credit, if defined.']
The lack of publicly available bill text and official summary limits transparency and public understanding of the bill's provisions and potential impacts. This gap hinders effective oversight and informed debate. Tracking the bill's referral to the Committee on Finance without further action highlights the importance of monitoring committee activity and legislative progress for transparency.
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