State Program Details

Several states have instituted tax credit programs for angel investors. Below are links to relevant Web sites for individual states, often with links to the applications or forms needed to participate. Please note that the programs are very different by state, with a wide variety of details involved. It should also be noted that most of the tax credits are on income, and because some states do not have income tax, the credits would not work in every state.

Specific questions about individual state tax credit programs should be directed to the states, using contact information included in Web links. If you are aware of additional materials or states that should be included on this page, please contact Sarah Dickey or Public Policy Committee Co-chairs Liddy Karter or Robert Franklin.


State Angel Investor Tax Incentive Programs

Arkansas Equity Investment Incentive Act of 2007
legislation

Arizona Angel Investment Tax Credit
legislation
description
rules and applications
quick facts

Colorado Enterprise Zone Tax Credit
description

Connecticut Angel Investor Tax Credit
description and links to other information
Raised Bill No. 5435 - Proposed Angel Investors Tax Credit

Georgia Angel Investor Tax Credit
legislation

HB1001 - Tax Credit for Early Stage Investors

Illinois Angel Investment Tax Credit
description

Indiana Venture Capital Investment Tax Credit
legislation

Kansas Angel Investor Tax Credit
legislation
description
description with links to registration
guidelines
individual income tax form K-30

Louisiana Angel Investor Tax Credit
legislation

Maine High Technology Investment Tax Credit
legislation
description with links to forms

Maryland Biotechnology Investment Tax Credit
legislation
description

Minnesota Seed Capital Investment Credit
legislation

SF 2307 - Small Business Investment Tax Credit
Tax Incentives and Venture Capital Financing - Report by House Research Staff for House Tax Committee

Nebraska Angel Investment Tax Credit Program
program guidelines and application

New Jersey High Technology Investment Tax Credit
legislation

New Mexico Tax Credit
description
application

North Carolina Qualified Business Investment Tax Credit
legislation
description
application for investors, application for businesses

North Dakota Seed Capital Investment Tax Credit
legislation
application
Angel Fund Investment Tax Credit

Ohio Technology Investment Tax Credit
legislation
program summary
description, with links to forms and applications

Oklahoma Small Business Capital Credit
legislation
application

Oregon University Venture Development Fund Tax Credit
legislation

Rhode Island Innovation Tax Credit
description and application guidelines

South Carolina Bill Wylie Entrepreneurship Act
legislation

Vermont Angel Venture Investment Capital Gain Deferral Credit
legislation

Virginia Qualified Equity and Subordinated Debt Investments Credit
administrative tax code

West Virginia High Growth Business Investment Tax Credit
legislation

Wisconsin Angel Investor Tax Credit
description with links to verification process
legislation and summary of 2009 amendment

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