Angel Tax Credit is a way for small business investors to get a 25% tax credit! The details are found on the attachment. There are three qualifications to obtain this tax credit: According to DEED:
- Investment must be in business that is using proprietary technology to add value to a product, process or service in a qualified high-technology field.
- Those researching or developing a proprietary product, process or service in a high technology field.
- Those researching, developing or producing a new proprietary technology for use in agriculture, tourism, forestry, mining, manufacturing or transportation.
To find out more, read the Attached File. Applications for this program will not be available until later this summer.