Last Chance to Apply for NJ’s Angel Investor Tax Credit for 2016

October 31, 2016

By Michael Hadjiloucas

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.

About Michael Hadjiloucas

Michael Hadjiloucas has expertise in both domestic and international corporate tax, entity formation, acquisitions, reorganization and due diligence, and partnership transactions, inbound and outbound transactions, and taxation of foreign entities.

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