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 2015, $16 million in credits was available. As of Nov. 17, all of the credits have been allocated and the program is closed. Any unused 2015 credit allocations will roll forward to the 2016 program.

For 2016, $15 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.

Application Period

We are no longer accepting certification applications and credit allocation applications for 2015 as the credits have been exhausted and the 2015 program is closed.

We are accepting 2016 certification applications, but no 2016 credit allocation applications can be processed until January 2016.

2015 Angel Tax Credit Certificates will be emailed to investors in January 2016.

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.


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