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To: Zeev Hed who wrote (34189)	8/29/1999 9:39:00 PM
From: cicak	Read Replies (1) \| Respond to of 44908

Zeev, are you blind ? <<but i did not find those incentives on the site you cited>> I listed the incentives once again for you. Look more carefully and focus on the bold to make it easier for you. LOL !! P.S. Hope you don't plan on a career in venture capital - as you may overlook some very nice incentives with favorable tax consequences. Regards, Phil ========================================================== The following is a website that details the best cities for small business. Three of the top ten cities were in Florida. The article goes on to describe the Certified Capital Company Act, designed to *stimulate venture capital investment* in small emerging firms by offering incentives to investors. entrepreneurmag.com ========================================================== Certified Capital Company Act.-- (excerpt) (6) PREMIUM TAX CREDIT; AMOUNT; LIMITATIONS.-- (a) Any certified investor who makes an investment of certified capital shall earn a vested credit against premium tax liability equal to 100 percent of the certified capital invested by the certified investor. Certified investors shall be entitled to use no more than 10 percentage points of the vested premium tax credit, including any carryforward credits under this act, per year beginning with premium tax filings for calendar year 2000. Any premium tax credits not used by certified investors in any single year may be carried forward and applied against the premium tax liabilities of such investors for subsequent calendar years. The carryforward credit may be applied against subsequent premium tax filings through calendar year 2017. (b) The credit to be applied against premium tax liability in any single year may not exceed the premium tax liability of the certified investor for that taxable year. (c) A certified investor claiming a credit against premium tax liability earned through an investment in a certified capital company shall not be required to pay any additional retaliatory tax levied pursuant to s. 624.5091 as a result of claiming such credit. Because credits under this section are available to a certified investor, s. 624.5091 does not limit such credit in any manner. =========================================================== brainstorm.co.uk Venture Capital Trusts (VCTs) in Britain There are four tax reliefs available to investors: 1.Exemptions from income tax on dividends from ordinary shares in VCTs. 2.Subscribers for new ordinary shares in VCTs are also entitled to claim income tax relief at the lower rate of income tax - currently 20% - in the year the shares are issued, provide they are held for at least five years. 3.Exemption from capital gains tax on disposals of ordinary shares in VCTs. 4.Subscribers for new ordinary shares in VCTs are also able to defer a capital gain**, up to the amount subscribed, arising from the disposal of any asset on or after 6 April 1995. The shares subscribed for must be issued in a period beginning twelve months before and ending twelve months after the disposal giving rise to the gain to be deferred.