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 5/22/17, $1.4 million remains available for investment in general business and $4.4 million for targeted businesses.
We are accepting 2017 certification and credit allocation applications.
The qualifying criteria, applications, instructions and documents businesses need to apply for the Angel Tax Credit.
The qualifying criteria, applications, instructions, and documents investors need to apply for the Angel Tax Credit.
The qualifying criteria, applications, instructions and documents funds need to apply for the Angel Tax Credit.
Lists of certified businesses, investors, funds and other key Angel Tax Credit documents.
Answers to common questions about requirements for business, investors and funds.
