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Angel Tax Credit

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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.

Available Funding

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 6/16/17, all the credits available for investment in general businesses have been allocated and we are no longer accepting credit allocations for investments these businesses. $3.4 million in credits remain available for investment in targeted businesses. Unused reserved credits that remain on 9/30/17 become available for investments in all qualified businesses, and we will start accepting credit allocations for them on September 5.

Application Period

We are currently accepting 2017 certification applications (however, see note above) but credit allocation applications only for investments in targeted businesses.

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 and Reports

Lists of certified businesses, investors, funds and other key Angel Tax Credit documents.

FAQs

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

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