Minnesota Angel Investor Tax Credits are gone for the year…again


Screen Shot 2014-06-24 at 1.33.41 PMThe Minnesota Angel Tax incentive program that provides a 25% refundable tax credit for accredited angel investors who invest in qualified tech ventures is no longer available for 2014.

What started with $12.2M available for the year was claimed by March, but then the legislature added $3M more to the 2014 pool — in addition to extending the program to $15m in both 2015 and 2016.

“All the credits have been allocated, but they are not final (=awarded) until the investment is made and we approve the proof of investment. If some planned investments do not happen for which a credit has been allocated, the credit goes back into the pool to be used next year,” DEED’s Jeff Nelson explained.

The program, which is designed to stimulate investment activity, has a history of moving fast.


Minnesota’s angel-investor tax credits are all gone
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