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.
| 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: |
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| Incentive Amount: | 25% of the qualified investment |
| Maximum Incentive: | up to a maximum of $125,000 ($250,000 for married joint filers) |
| 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.
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