Missouri angel credit bill fails, but effort will take wing again - Kansas City Business Journal:

http://plasmatelevisions.biz/PLASMA/PIONEER-PLASMA-TV/
As soon as the summer, they hope for opportunities at legislativew committee meetings to pitch an angel tax credit program even greatere than the one legislators dropped one on parwith Kansas, said Mark director of government and business relationz for the . “That’s the opportunity we see exists he said. “There are a number of otherr supporters around thestate — we’re tryingt to develop a coalition (of statwe angel investor groups).
” Without the credit, Missouri has been at a disadvantagee in attracting new businesses and new particularly on the state line, Dickey The Missouri measure was dropped alonv with other new tax credit programsz late in the session. It woulx have provided a 30 percent angelp investor tax credit for thefirst $500,000 investef in a company. Dickey said proponentsw would like to reach equal footing with Kansax by offering a 50 percent credit for thefirstt $1 million invested in a John Carlson, president of Eastern Jacksonm County angel investor group , testified durintg the session in favor of a credit.
“ think it’s reasonable for an entrepreneur to be able to locats their company where they want to withourt being forced to bygovernment policy,” he A credit, particularly one as high as in Kansas, also couldf help stimulate the state’s economy, Carlson said. The angel investo credit in Kansas has proved effective at landing young tech GregKratofil Jr., a lawyedr at , said he’s set up five or six companied this year in Kansas rathed than Missouri to try to take advantage of the Kansass credits.
“When somebody comes to me and asks me wheree should they set up a new tech Kansasor Missouri, I alwayw say Kansas because of the ability to take advantagee of the angel investor tax credit,” Kratofilo said. “It’s extremely helpful for early-staged companies to attract the type of angel capitapl that they need to take the next step from friend and family money to moreinstitutional funds.
” A Missourui tax credit would need to at leastf equal the one in Kansas to make a differencde in this market, he