S. 4809 proposes changes to the Internal Revenue Code of 1986 to introduce a tax credit for angel investors who invest in small, high-tech businesses in the U.S. This bill allows qualified investors to receive a credit of 25% of their investment, capped at $250,000 per year....
Simple Explanation
The bill is about giving a special money-saving coupon, called a tax credit, to people who help new and small tech companies by giving them money, but there are rules about how much they can get, who can get it, and which companies can use it.