Angel Tax Credit

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 or new proprietary technology. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable and non-Minnesota residents (including residents of foreign countries) are eligible.

2014 Angel Tax Credit Program Closed

We have exhausted all tax credits for the current year, including an extra $3 million in credits recently authorized.

Those who submitted credit allocation applications by the May 11, 2014 deadline will receive approval emails by May 23. Because applications for the extra funding exceeded the $3 million available, credits will be allocated proportionally to each applicant, and investors will receive less than a 25-percent tax credit.  

We will begin accepting certification applications for the 2015 Angel Tax Credit program in November.

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, Reports & Forms

Download checklists, applications, annual reports and other key Angel Tax Credit documents.

FAQs

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

Angel Loan Fund

Provides interest-free loans to businesses participating in the Angel Tax Credit Program.