The Minnesota's Angel Tax Credit provides a 25% credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable. Residents of other states and foreign countries are eligible.
Minnesota Angel Tax Credit Fact Sheet
SubioMed Inc. has been certified for participation in the 2021 MN Angel Tax Credit program.
Investors receive a 25% rebate for their SubioMed investment, and they do not need to reside in MN to receive the Credit.
Total cost to the investor is $550 ($350 to apply for the Credit, and $100 to submit Annual Reports in 2022 and 2023).
As of March 15 2021, $1.3 million in general credits remain, and $4.3 million in reserved credits remain. Any remaining reserved credits not allocated by October 1, 2021 become available on that date for investment in any qualified business.
Step-by-Step Instructions for SubioMed Investors