THUMBS UP: State tax credit for capitalists

A state tax credit passed in 2010 and revised last year shows promise of directing money to small startup companies that traditional venture capital firms may avoid as too risky.

The state income tax credit is 25 percent of investments as high as $250,000. When passed in 2010, an investment of at least $100,000 was required to be eligible for the tax credit. Last year, the investment threshold was lowered to $25,000 to qualify for the credit.

Click Here for the Full Article: New Haven Register

Also check out this article by Mara Lee from the Hartford Courant (1/22/2012); http://cour.at/z3K09W

#tax #ctc #credit #council #technology #MatthewNemerson #NewHavenRegister #investor

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