As expected, investors and entrepreneurs received some financial encouragement in the budget proposal Tuesday from N.C. Gov. Bev Perdue.

she gave the Legislature does include a “Founder’s Credit.” If approved by the General Assembly, such a bill would remove N.C. capital gains tax from profits made when an entrepreneur and investors exit a startup through such means as a merger, acquisition, stock offering.

Here is the language:

"Founder’s Credit" – The Governor recommends excluding initial stock investments (founder’s stock) in certain NC startup companies from capital gains. This credit would take effect for tax years beginning on or after Jan. 1, 2010. There is no fiscal impact estimated for 2009-2010 or 2010-11."

Local Tech Wire about the idea and entrepreneurs’ generally positive reaction to it.