Angel Investor Tax Credit

Article ID: 100745  

Question
Connecticut Angel Investor Tax Credit

Answer

For taxable years beginning on or after January 1, 2019, the total amount of tax credit allowed to an angel investor is $500,000. The total amount of Angel Investor Tax Credit that Connecticut Innovations, Inc. (CII) may reserve in each fiscal year is five million dollars.

When reserving certain credits, CII may give priority to veteran‑owned, women‑owned or minority‑owned businesses and businesses owned by individuals with disabilities.

The angel investor tax credit program is extended to July 1, 2024. CII cannot reserve angel investor tax credits after June 30, 2024.


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Views: 37 Created on: Dec 17, 2019