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, new proprietary technology, or a new proprietary product, process or service in specified fields. 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.

2014 Angel Tax Credit Program Closed

We have exhausted all tax credits for the current year and will begin accepting certification applications for the 2015 Angel Tax Credit program in November.

New for 2015!

  • $15 million in tax credits per year (up from $12 million)
  • $7.5 million in credits reserved for investments in women-owned, minority-owned, and Greater Minnesota located businesses until September 30; see FAQs for definitions
  • “Insiders” no longer eligible for the credit: officers, principals, 20% owners and family with ownership interests combined, and family of these insiders
  • Eligible business types expanded: businesses researching or developing a proprietary product, process or service in agriculture, tourism, forestry, mining, manufacturing, or transportation (no high-tech or technology requirement).

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.