Last Chance to Apply for NJ’s Angel Investor Tax Credit for 2016
- Published
- Oct 31, 2016
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Attention emerging technology businesses. Individual and entity investors may be eligible for a tax credit of 10% of the qualified investment made up to $500,000 max for each qualified investment. The credits can be used against entity business or gross income taxes. Available on a first-come, first-served basis, the total program is capped at $25 million annually. In order to qualify, the technology business must be NJ-based and employ fewer than 225 employees, at least 75% of whom work in New Jersey.
The deadline for submission is November 15, 2016. To see the complete list of eligibility requirements and apply, visit NJEDA - Angel Investor Tax Credit Program.
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Michael Hadjiloucas
Michael Hadjiloucas is the National Corporate Tax Leader as National Pharmaceutical and Medical Devices Sector Leader within the Technology and Life Sciences Group.
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