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 $3 Million in Tax Credits Available - Deadline: May 11.

We are accepting applications for an extra $3 million in tax credits recently authorized for the 2014 program year. The application deadline is Sunday, May 11, 2014.

To be eligible, you must:

  • Be certified to participate in the program by the deadline
  • Submit a tax credit allocation application by the deadline 

Program Certification

Applicants who are not already certified to participate must submit a certification application. Because the application can take up to three weeks to process, you should submit it soon. You will not be considered for the program unless you are certified by the deadline.

Tax Credit Allocations

Tax credit allocation applications received by the deadline will be given equal consideration, provided all parties to the allocation have also been certified by that date. 

Because applications already exceed the $3 million available, the credits will be allocated proportionally to each applicant (so, investors will receive less than a 25-percent tax credit). Applications received after the deadline will not be considered.  


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.