Interesting article RE: Angel Tax Credits for Connecticut
Read the full article at: New tax credit intended to spur state investment- The New Haven Register – Serving New Haven, Connecticut.
“The income tax credit equals 25 percent of a cash investment, up to a maximum credit of $250,000. Investments must be in companies that engage in bioscience, advanced materials, information technology, emerging technology and other industries determined by the commissioner of economic development.
Connecticut is starting small, committing $6 million a year through 2013.”
“Manny Ratafia said the requirement that investments be at least $100,000 to qualify for the tax credit could be too high. ‘Many angel investors commit about $30,000 to a single investment,’ he said. ‘It doesn’t sweeten the deal enough for most angels,’he said….”