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Tax Credits for Angel Investors Will Become Available on July 1, 2010

June 22, 2010

On May 6, 2010, Governor Jodi Rell signed into law a new tax credit for “angel investors” who invest in Connecticut start-ups. The new law authorizes personal income tax credits for individuals who, along with other angel investors in the investor group, invest at least $100,000 in Connecticut start-up businesses in specified sectors. The credit equals 25% of the cash investment, up to $250,000. For a complete analysis of eligibility, limitations and application information, please click here.

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