Angel Tax Credit

Minnesota's Angel Tax Credit provides a 25% credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable. Residents of other states and foreign countries are eligible.

Tax credit certificates for qualified investments that occurred in 2022 were issued by email on February 22, 2023. If you are unable to locate your tax credit certificate, verify that the message was not quarantined by your spam filter. If you still need assistance, contact us by email at angel.credit@state.mn.us or call the Angel hotline at 651-259-7599.

Available Funding

For 2023, $5 million in credits is available, $2.5 million of which is reserved for minority- and women-owned businesses, as well as businesses located in Greater Minnesota ("targeted businesses"), until 9/30/23, at which time an unused reserved credits become available for investment in any qualified business.

As of August 7, 2023, $2 million in general credits and $2 million in targeted credits remain available for allocation.