Why the Georgia Angel Tax Credit is Bad Policy
Earlier this week Sanjay Parekh, founder of Startup Riot , Founder Fables, and Shop Down the Debt shared his opinion of GA's Angel Tax Credit.
Georgia HB 1069
The way these tax credits were designed were not meant to encourage more angel funding. This tax credit is welfare for Georgia angels and the results bear out that there is no positive policy result because of this credit. It doesn’t help anyone except for angels who are looking for a way to mitigate their investment risk. - Parekh
Check out the full post to read Sanjay's insights on the tax credit background and financials, along with his proposal for a crowdfunding tax credit.
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