Angel Tax Credit

Minnesota's Angel Tax Credit provides a 25-percent credit to investors or investment funds that put money into startup companies focused on high technology or new proprietary technology. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable and non-Minnesota residents (including residents of foreign countries) are eligible.

Extra Funding for 2014 Now Available

An extra $3 million in tax credits has been allocated for 2014 and the program will re-open. We will accept certification applications starting Monday, March 31, and will begin processing tax credit allocation applications on May 11. Tax credit allocation applications received before that date will be treated as having been received on May 11, provided all parties to the allocation have also been certified by that date. We expect the additional tax credits to be fully allocated on May 11 or soon after.

On March 3, all $12.2 million in credits available for 2014 were allocated and the program closed.

For Businesses

The qualifying criteria, applications, instructions and documents businesses need to apply for the Angel Tax Credit.

For Investors

The qualifying criteria, applications, instructions, and documents investors need to apply for the Angel Tax Credit.

For Funds

The qualifying criteria, applications, instructions and documents funds need to apply for the Angel Tax Credit.

Lists, Reports & Forms

Download checklists, applications, annual reports and other key Angel Tax Credit documents.

FAQs

Answers to frequently asked questions about requirements for business, investors and funds.

Angel Loan Fund

Provides interest-free loans to businesses participating in the Angel Tax Credit Program.