Financing
Services: Incentive and Financial Resource Programs
Contact: Jeff Nelson, Office of Business Finance
Address: 1st National Bank Building 332 Minnesota Street, Suite E200, St. Paul, MN 55101-1351
Phone: 651.259.7523
Email: jeff.m.nelson@state.mn.us
Description:The Minnesota Angel Tax Credit provides tax incentives to investors or funds that put money into startup businesses that are focused on high technology or new proprietary technology.
Key Features
– A 25 percent individual income tax credit for qualified investors.
– Is refundable. Non-Minnesota residents, including residents of foreign countries, are eligible for the credit.
– Allows a maximum credit of $125,000 per year per individual.
– Allows a maximum credit of $250,000 for those married and filing jointly.
Available Funding
$10.7 million (2017)
Angel Tax Credit Guidebook
Minnesota's Angel Tax – Small Corporate Offering Registration booklet lays out eligibility requirements, how the credit works, and other information about the credit.
Minnesota Angel Tax Credit (State) serves the Northland, Arrowhead, Duluth MN Superior WI MSA, Aitkin, Carlton, Cook, Itasca, Koochiching, Lake, and St. Louis county areas.
