Small Business Investment Tax Credit
MI
Industry Recruitment/Support
commercial
industrial
Administered by: Minnesota Department of Employment and Economic Development
Program Details
- Program ID
- 4226
- Last Updated
- 12/12/2024
Eligibility
Program 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.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.