Small Business Investment Tax Credit

July 16, 2021

Summary

The Minnesota Small Business Investment Credit (commonly referred to as the angel investment credit) provides qualified investors in certified small businesses with a refundable income tax credit equal to 25 percent of their investments up to a maximum of $125,000 ($250,000 for married joint filers). The maximum credits for investments in a business cannot exceed $1 million. For more information on the programs guidelines or to see the fact sheet.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Michigan
Incentive Type:	Industry Recruitment/Support
Web Site:	https://mn.gov/deed/business/financing-business/tax-credits/angel-tax-credit/
Administrator:	Minnesota Department of Employment and Economic Development
Start Date:
Eligible Renewable/Other Technologies:	Yes; specific technologies not identified
Incentive Amount:	25% of the qualified investment
Maximum Incentive:	up to a maximum of $125,000 ($250,000 for married joint filers)

Authorities

Name:	H.F. 2695
Date Enacted:	04/01/2010
Effective Date:	04/02/2010
Expiration Date:	12/31/2014 (deadline for new credits)

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.