(a) Equity investment incentives in the form of tax credits to persons or companies investing in certain types of eligible businesses are created.(b) The equity investment incentives shall:(1) Encourage capital investment in certain types of businesses including: (A) Early-stage businesses and start-up businesses in this state;(B) Businesses paying wages in excess of prevailing wages in the state or the county where the company is located; and(C) Businesses that are invested in by venture capital funds and regional or community-based alliance funds; and(2) Create new jobs.(c)(1) An equity investment incentive tax credit is created that shall be equal to thirty-three and one-third percent (331/3%) of the approved amount invested by an investor in an eligible business, as identified in § 15-4-3303(a).(2) The tax credit, if awarded, is available to the investor.Acts 2007, No. 566, § 1.