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.


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
Legislation

Georgia Angel Investor Tax Credit
Description
Legislation
Amendment - House Bill 237
Application

Illinois Angel Investment Tax Credit
Legislation
Description

Indiana Venture Capital Investment Tax Credit
Legislation

Iowa Angel Investor Tax Credit
Description
Legislation

Kansas Angel Investor Tax Credit
Legislation
Description
Individual Income Tax Form K-30

Kentucky Angel Investment Act Program
Fact Sheet

Louisiana Angel Investor Tax Credit
Legislation
Description

Maine Seed Capital Tax Credit Program
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
Application

New Jersey High Technology Investment Tax Credit
Legislation

New Mexico Tax Credit
Description
Application

New York QETC Capital Tax Credit
Description

North Carolina Qualified Business Investment Tax Credit
Legislation
Description
Application

North Dakota Seed Capital Investment Tax Credit
Legislation
Description

Ohio Technology Investment Tax Credit
Legislation
Description

Oklahoma Small Business Capital Credit
Legislation
Application

Oregon University Venture Development Fund Tax Credit
Overview
Application

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
Legislation
Business Application

West Virginia High Growth Business Investment Tax Credit
Legislation

Wisconsin Angel Investor Tax Credit - Qualified New Business Venture
Legislation
Description with Links to Verification Process
Summary of 2009 Amendment
2013 report:  Investing in Next Generation Opportunities in Wisconsin (Qualified New Business Venture)