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.