An angel investor must apply to Connecticut Innovations, Inc. (CII) to reserve the credit and must receive an Angel Investor Tax Credit Voucher from CII before claiming the credit on the income tax return
Any tax credit claimed but not applied against the income tax liability may be carried forward for the five immediately succeeding taxable years until the full credit has been applied.
The Angel Investor Tax Credit may be assigned, transferred, or sold once. You must complete Schedule CT‑IT Credit, Income Tax Credit Summary, Part 3, Angel Investor Tax Credit, if you are selling, assigning, or transferring the credit. You must also complete this form if you have obtained the Angel Investor Tax Credit through a purchase, assignment, or transfer.