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New Tax Credit will Grow Jobs

July 19, 2010
10:42 PM

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Minnesota’s Angel Tax Credit is now available, providing incentives to investors or investment funds that put money into startup and emerging companies focused on high technology or new proprietary technology. This is one example of how government can help grow jobs. Private sector job growth is the engine that will take Minnesota back to prosperity.

Minnesota's Angel Tax Credit provides incentives to investors or investment funds that put money into startup and emerging companies focused on high technology or new proprietary technology. The Angel Tax Credit:

  • Provides a 25-percent individual income tax credit for qualified investors
  • Is refundable (non-transferable)
  • Allows a maximum credit of $125,000 per year per individual
  • Allows a maximum credit of $250,000 for those married and filing jointly

Positively Minnesota: Angel Tax Credit

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