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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 2016, $15.5 million in credits is available, $7.5 million of which is reserved until Sept. 30, 2016, for minority- and women-owned businesses, as well as businesses located in Greater Minnesota. As of 7/27/2016, $6.2M remains available for these targeted businesses, but the credits for general businesses have been exhausted and we are no longer accepting credit allocation applications for investments in them. Watch this space for updates in September regarding the October 1 availability for general businesses of the credits currently reserved for targeted businesses.

Application Period

We are currently accepting 2016 certification applications; credit allocation applications are being accepted only for investments in targeted businesses.

New This Year

Businesses can submit 2016 certification applications and 2015 annual reports online, as well as pay fees online. Follow the links on the For Businesses page's "Apply" tab.

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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