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Certified Capital Company : ウィキペディア英語版 | Certified Capital Company
Certified Capital Companies ("CAPCOs") are generally debt lending based programs that employ future state tax credits as a subsidy to these funds. CAPCOs have been operated in the District of Columbia and eight states, including: Alabama, Colorado, Florida, Louisiana, Missouri, New York, Texas, and Wisconsin. Generally, CAPCOs sponsor their specific programs in states through legislation with the claims of economic development, job creation and retention, and certain instances, investment in specific sectors (e.g. high tech). ==Structure== Through CAPCO sponsored legislation, states gives state taxpayer funds a tax credit match, usually on a dollar-for-dollar basis, on the amount of capital the CAPCO funds raise from insurance companies and lend to small business investment during a pre-specified time frame. The tax credit granted is an insurance premium tax credit, allowing insurance companies to reduce their tax liability in the state by one dollar for each dollar in tax credit obtained. This structure was adopted to incentivize insurance companies, which hold significant investible capital, but which are not required under the Community Reinvestment Act, to invest in local business, to invest in CAPCO funds, which then invest in small business. States have the authority to both regulate and tax insurance companies.
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Certified Capital Company」の詳細全文を読む
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