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. Residents of other states and foreign countries are eligible.
For 2017, $10.7 million in credits is available, $5 million of which is reserved for minority- and women-owned businesses, as well as businesses located in Greater Minnesota ("targeted businesses"), until 9/30/17, at which time any unused reserved credits become available for investment in any qualified business. As of 4/26/17, $2.4 million remains available for investment in general business and $4.5 million for targeted businesses.
We are accepting 2017 certification and credit allocation applications.