Angel Tax Credit
Minnesota's Angel Tax Credit provides a 25% credit to investors or investment funds that make equity investments in 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.
Tax credit certificates for qualified investments that occurred in 2024 were issued to an investor's email address of record on February 19, 2025. If you are unable to locate your tax credit certificate, verify that the message was not quarantined by your spam filter. If you still need assistance, contact us by email at angel.credit@state.mn.us or call the Angel hotline at 651-259-7599.
Available Funding
Funding Currently Unavailable
There will be no funding allocated for the calendar year 2025. For other available funding options—including the Growth Loan Fund—please visit our Business Financing Programs webpage.
Application Period
The application period is closed and there is currently no funding committed for the 2025 calendar year.
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.