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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 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. View our Fact Sheet.

Available Funding

For 2019, $10 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 9/30/19, at which time any unused reserved credits become available for investment in any qualified business. As of 9/16/2019, $1.6 million remains of general credits and $4.8 million remains of reserved credits.

Application Period

We are currently accepting 2019 certification applications.

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.

FAQs

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

Lists and Reports

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

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